IFA to pay compensation after 'unsuitable' transfer to SIPP
Transfer from PPP to SIPP
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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![Stuart Feast: "I had a service where I could mop up three or four pension schemes for other people, and I didn't have to go through the process as it stands, then as an adviser I would definitely use [Zippen]."](/api/v1/wps/78955d2/ffef6ddd-ee93-4d3a-9521-d92ae5d3f418/7/Stuart-Pic-roi-1-230x142.jpg "Stuart Feast: \"I had a service where I could mop up three or four pension schemes for other people, and I didn't have to go through the process as it stands, then as an adviser I would definitely use [Zippen].\"")
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