SJP refuses to compensate unwell man mis-sold life policy above ombudsman limit

Client with declining health could have lost £370,000

Hannah Godfrey
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Mr J could have lost up to £370,000.
Image:

Mr J could have lost up to £370,000.

St James’s Place (SJP) has refused to compensate a man in declining health above the legal FOS compensation limit.

According to the Financial Ombudsman Service (FOS), a couple named Mrs and Ms J were sold whole life policies by the advice giant. The pair initially complained the commission on the policies wa...

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