Portafina under fire for unregulated investment advice

In 2011, ‘Mr H', as referred to by the ombudsman, attended a financial seminar because he was concerned his occupational pension was frozen and losing value. At the seminar, he spoke to someone whom he thought worked for Portafina, though he later learned they worked for an unregulated company. He was then referred to Portafina. At the time, Mr H was 49 and earned an annual salary of £28,000. He was paying off a small mortgage, and had no previous investment experience. He had two pensions - an occupational pension and a personal pension - with a combined value of £110,000. He had no ...