Legal & General Assurance Society (L&G) has been directed to compensate two clients it advised to transfer savings out of their employer's pension arrangements 21 years ago.
The Financial Ombudsman Service found the provider had failed to alert both clients to the danger of losing pension value following the transfer. It also did not assess their risk profiles adequately,...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards