SIPP non-standard investment advice costs FSCS £112m in 2017/18

Paid out an average £26,000 per claim

Tom Ellis
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SIPP non-standard investment advice costs FSCS £112m in 2017/18

Advised clients investing in non-standard assets in SIPPs has cost the Financial Services Compensation Scheme (FSCS) more than £100m in 2017/18.

The lifeboat fund has now had to pay out more than £100m in relation to self-invested personal pension (SIPP) pension transfer advice for the second year in a row, paying out £105m in 2016/17 and £112m...

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