Adviser to compensate widow after failing to refund advice fees

Two years' of fees

clock • 2 min read
Adviser to compensate client after failing to refund fees

Adviser to compensate client after failing to refund fees

The Financial Ombudsman Service (FOS) has told Oracle Consultants to pay back a client with additional compensation after it failed to refund fees following a widow's complaint.

Mrs B and her husband, kept anonymous by the ombudsman, held investments that were managed by an IFA. However, in 2018, these investments were transferred to Oracle without Mr and Mrs B's authorisation....

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