Self-invested personal pension (SIPP) providers "must feel very nervous" today, according to a law firm, after the Financial Ombudsman Service (FOS) made a "game changer" of a decision against Berkeley Burke SIPP Administration.
The FOS ruled that in the case of Mr A - who invested his entire pension fund of £29,000 in Sustainable Agro Energy, a high risk, unregulated scheme selling bio-fuel investment products in South East Asia...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till