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.
Mr P, as referred to by the FOS, complained about advice given by an appointed representative (AR) of On-Line to switch his personal pensions to a SIPP. He said he was given this advice by Bragagnini Associates...
But steady transfer values
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
'This sleepy corner on the occupational pension world is ripe for a service upgrade'
Entered administration in February
Part of its Transfer Watch tracker
From the horse's mouth
Spike during first lockdown