Anthony Feeney FS sees further unregulated investment SIPP claims

Smooth Commercial Law solicitor Scott Birchall told Professional Adviser the Birmingham-based advice firm had again been asked by the Financial Ombudsman Service (FOS) to pay compensation to one of his clients regarding facilitating unregulated investments into SIPPs.  He told PA the client had been receiving cold calls and was approached to transfer his pension into a SIPP. The client was then advised to invest into unregulated investments schemes, including store pods. According to Birchall, the client was an "average Joe" saver who was not looking to invest adventurously. The claim...