Integrity IFA ignores clients and ombudsman after unregulated investment complaints

Advice to invest in unregulated schemes

clock • 3 min read
Integrity IFA ignores clients and ombudsman after unregulated investment complaints
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Integrity IFA ignores clients and ombudsman after unregulated investment complaints

The Financial Ombudsman Service (FOS) has told Integrity IFA to compensate a client after it provided unsuitable advice to switch the funds she held in a personal pension to a self-invested personal pension (SIPP), which were then invested in high-risk illiquid assets.

Mrs M, kept anonymous by the ombudsman, turned to Integrity IFA to review her existing pension arrangements, seeking her low attitude to risk to be reflected in her investments. The client said she...

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