FOS finds against Chartered firm in ARM ruling
A Corporate Chartered financial planning business has been told to compensate a client who was recommended to invest £50,000 in a bond based on senior US life settlement policies, following a final ruling by the Financial Ombudsman Service (FOS).
Cheshire-based Greystone Financial Services has been ordered to pay the client the difference between the performance of her investment and that of a benchmark comprising 50% the FTSE WMA Stock Market...
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