Portafina 'considering legal options' after FOS sides with complainant

SIPP transfer

Sophie King
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"We are currently considering our legal options with respect to the decision" - Portafina's Jamie Smith-Thompson
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"We are currently considering our legal options with respect to the decision" - Portafina's Jamie Smith-Thompson

Portafina has said it is considering "legal options" after being directed to compensate a client in the wake of what the ombudsman deemed unsuitable advice to transfer out of occupational pension schemes.

The client in question - dubbed Mr B by the Financial Ombudsman Service (FOS) - had complained about the suitability of the advice he was given to transfer his three occupational pension schemes (OPSs)...

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