23 October 2018
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"I am satisfied the advice to transfer to the SIPP was unsuitable. The investment was too risky for Mr J" - FOS
A Wales-based financial advice firm has been instructed to compensate a former client after it allowed them to open a SIPP that was used to invest into unregulated scheme Harlequin Property.
The Financial Ombudsman Service (FOS) has instructed Kingswood Financial Advisors to compensate a client after it opened a self-invested personal pension (SIPP) that was used for a Harlequin investment....
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