FSCS to accept claims against liquidated Czech Republic-based advice firm

Planet Pensions linked with unsuitable advice

clock • 3 min read
The FSCS revealed that addition to The Forthplus SIPP and The Optimus Retirement Benefit Scheme, it is also aware that Planet Pensions provided advice to customers to transfer into and from several other pension schemes.
Image:

The FSCS revealed that addition to The Forthplus SIPP and The Optimus Retirement Benefit Scheme, it is also aware that Planet Pensions provided advice to customers to transfer into and from several other pension schemes.

The Financial Services Compensation Scheme (FSCS) is accepting customers' claims against Planet Pensions involving advice in connection with pension transfers into and from The Forthplus SIPP and The Optimus Retirement Benefit Scheme.

In a comment given to PA, the FSCS said Planet Pensions S.R.O. was a European firm acting in the UK under the FCA's passporting arrangements pre-Brexit. "At the moment we're still investigating the...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA hastens process to cancel or vary regulated firm's permissions

FCA hastens process to cancel or vary regulated firm's permissions

Strengthening consumer protection

clock 19 May 2022 • 2 min read
NHS pension scheme reissuing statements after 2,800 errors

NHS pension scheme reissuing statements after 2,800 errors

Incorrect statements issued

clock 19 May 2022 • 2 min read
Three-quarters of advisers have Consumer Duty worries - M&G Wealth

Three-quarters of advisers have Consumer Duty worries - M&G Wealth

'Get ahead of the curve'

clock 19 May 2022 • 2 min read