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 in the 12 months to April 2018. At 3,186, meanwhile, the number of SIPP-related enquiries received by the ombudsman over the eight-month period broadly matched the 3,215 received in the whole 2017/18 financial year. The latest Ombudsman News report, which published the figures, also showed between October and December 2018 (Q3) the FOS received 161,195 enquiries and took on 92,903 new c...
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