FOS SIPP complaints jump a third in less than a year

2,802 new SIPP cases

Hannah Godfrey
clock
SIPP-related complaints to the Ombudsman jumped by nearly two-fifths in the period from April to December 2018, compared with the 2017/18 financial year
Image:

SIPP-related complaints to the Ombudsman jumped by nearly two-fifths in the period from April to December 2018, compared with the 2017/18 financial year

Complaints to the Ombudsman relating to self-invested personal pensions (SIPPs) jumped by nearly two-fifths (37%) in the period from April to December 2018, compared with the 2017/18 financial year.

Figures released by the Financial Ombudsman Service (FOS) this morning (5 February) showed 2,802 new SIPP-related cases were opened between April and December 2018, compared with 2,051 new cases opened...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA360: Clients respond to feelings 'not facts and figures'

PA360 North: Clients respond to feelings 'not facts and figures'

Behavioural biases

Jenna Brown
clock 08 December 2021 • 3 min read
Sarah Lord: "We continue to push for that, and I think, if we can achieve that, then we will see stability quite quickly."

PA360 North: PFS pushes for leader and protection of its 'significant reserves'

'Focused on protecting members' interests'

clock 08 December 2021 • 2 min read
Image: PFS president Sarah Lord.

CII and PFS urge members to respond to consultation

'Help everyone enhance their career potential'

clock 07 December 2021 • 2 min read