Carey Pensions ombudsman ruling contradicts High Court judgment

Decision one month before Court judgment

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Carey Pensions has been ordered to compensate a client who was advised to invest his SIPP through the firm.
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Carey Pensions has been ordered to compensate a client who was advised to invest his SIPP through the firm.

Carey Pensions has been asked to compensate a client who lost out from the same investment involved in the landmark High Court case against the self-invested personal pension (SIPP) provider.

The Financial Ombudsman Service (FOS) heard that a Carey client, known as Mr A to retain his anonymity, transferred his defined contribution pension valued at £40,000 into a SIPP through Carey in March...

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