'Dawn of a mis-selling scandal'; a vanishing unregulated investment website; and the UK's biggest taxpayers - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Dawn of a new mis-selling scandal Pension firms are facing claims for compensation that could amount to hundreds of millions of pounds from savers who invested in "high-risk schemes that went wrong", according to this Sunday Times article. "Thousands of complaints" have been lodged with law firms and the Financial Ombudsman Service (FOS) relating to self-invested personal pension (Sipp) schemes, the piece says, with two-thirds being settled in favour of investors. FOS claims have more than doubled in four years, it adds, while one firm alone is said to face a £35m bill if all claims ar...
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