Legacy Caerus SIPP complaint sees Quilter compensate client
Missed out on investment gains
The FOS's decision note explains how client referred to as ‘Mr L' had set up a SIPP to accommodate the transfer of a personal pension, which was then used to purchase part of a commercial property for his business.
The Financial Ombudsman (FOS) has upheld a complaint against advice firm J&P Financial Services over unsuitable advice it gave to a client regarding a self-invested personal pension (SIPP) transfer.
In 2009, Mr L, as referred to by the ombudsman, was given advice by an appointed representative of Caerus, J&P Financial Services (J&P). J&P was part of the Caerus network from 2010 to 2015, which was...
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