The Financial Services Compensation Scheme (FSCS) has deemed the information it has received regarding Rowanmoor Personal Pensions (RPPL), the collapsed self-invested personal pension (SIPP) operator, to be helpful.
In an update published yesterday (4 Jan), the lifeboat fund said that its investigations into Rowanmoor are continuing. "As well as the information from former customers of the firm, weare also gathering data and information from RPPL's insolvency practitioners about the firm's business. We are using this to consider the allegations made by former customers regarding due diligence and to determine if any regulatory breaches may have occurred." It also added that in cases where the customers were advised by an adviser authorised by the Financial Conduct Authority (FCA) that is still t...
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