FSCS faces £1.6m of SIPP claims in unauthorised introducer tie-up
Firm had passported into UK
The Financial Services Compensation Scheme (FSCS) is facing a number of claims in relation to a self-invested personal pension (SIPP) provider that was found to have failed in its due-diligence of an unregulated introducer.
Brooklands Trustees was held liable by the Financial Ombudsman Service (FOS) for losses totalling £1.6m from clients who had invested their pensions in an unregulated product, which later collapsed, through...
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