The Financial Ombudsman Service (FOS) has sided with a claimant who requested his adviser, 2 Plan Wealth Management, disinvest him from the market at the beginning of the pandemic, for fear of coronavirus-induced market volatility.
The client, Mr S, claimed he experienced a delayed reaction that resulted in his investments falling further in value. In this unusual case, the ombudsman has ruled that, due to a mismatch between the...
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