The Financial Services and Compensation Scheme (FSCS) is now accepting claims against self-invested personal pension (SIPP) operator Guinness Mahon.
In a note published this morning (29 October), the FSCS said it was aware that many IFAs recommended GMTC [Guinness Mahon Trust Corporation] customers to transfer their pension into a Guinness Mahon SIPP....
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'
Part of its Transfer Watch tracker
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.
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2,000 advice firms shifted
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