19 July 2016
•
A complaint against Towry, based on an adviser's failure to properly record his client's circumstances, was dismissed by the Financial Ombudsman Service (FOS) after it found the advice had not been "devalued" as a result.
Mrs F complained advice she received from Towry in 2007 to take out an investment bond had been inappropriate given her personal circumstances. The adviser had recorded her attitude to risk as medium...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
