The Financial Ombudsman Service (FOS) has said an advice firm must pay compensation to a client after advising them to invest in an unregulated, overseas property scheme.
Miss D - as referred to by the ombudsman - said she was given unsuitable advice to transfer her occupational pension scheme (OPS) and personal pensions to a self-invested personal pension (SIPP). She...
Part of its Transfer Watch tracker
The Financial Ombudsman Service (FOS) has asked adviser firm The On-Line Partnership to compensate a client following unsuitable advice to transfer his pension to a self-invested personal pension (SIPP) and invest in unregulated schemes.
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Transfer did not proceed
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