Image:
Financial adviser Mr A, as referred to by the ombudsman, advised Ms D and Ms F to invest in a property development Scheme in Cyprus that he was planning and to then transfer their pensions into a self-invested personal pension (SIPP) with Yorsipp.
SIPP operator Yorsipp has been asked to pay compensation to two separate clients following unsuitable advice to transfer their pensions into a SIPP to invest in overseas property.
Financial adviser Mr A, as referred to by the ombudsman, advised Ms D and Ms F to invest in a property development scheme in Cyprus that he was planning. He then advised them to transfer their pens...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
