A Portuguese advice firm has been asked to compensate a UK investor who embarked on a high-risk investment strategy for her pension based on unsuitable advice, the Financial Ombudsman Service (FOS) has found.
The client, referred to as Mrs C, claimed an adviser from Portugal-based Abana Unipessoal's UK subsidary persuaded her to switch her personal pension into a self-invested personal pension (SIPP) in 2014....
Expanding across North West
H1 2020 results
7, 8 and 9 October
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Systems, controls, governance and culture
'Bargain hunters' return to the market
Predicts two lost years of UK growth
'We will take decisive action and we will withdraw capital'