FSCS opens door to SIPP claims from provider Pointon York

Claims submitted so far against the self-invested personal pension (SIPP) provider, which went into liquidation in November 2018, have centred on its due-diligence obligations in allowing customers to make specific investments into their pensions. The FSCS told Professional Adviser it had received 31 complaints against the firm to date, with "some others in the pipeline".  The lifeboat fund said some customers were advised by financial advisers to transfer existing pensions into a Pointon York SIPP. Those customers had their pension funds placed in high-risk, non-standard investments,...