The Financial Ombudsman Service (FOS) has told Torch Wealth Management to pay compensation to a client following what it has deemed unsuitable advice regarding a pension transfer into a SIPP in 2015.
The ombudsman referred to the client as 'Mr C', who complained the advice given to transfer his £59,000 personal pension plan (PPP) to a self-invested personal pension (SIPP) was unsuitable and too risky....
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