The Financial Ombudsman Service (FOS) has ruled in favour of four complainants who separately claimed they were given unsuitable advice to transfer their personal pensions to new plans permitting investment in overseas property.
In each case, the Ombudsman has ordered the advisory businesses involved - named as Regency Financial Resources, Kingswood Financial Advisors and CIB Life & Pensions - to compensate the clients who ultimately...
Lasting power of attorney
Three risk profiles
Caused by falling oil price
Roger Marsden takes over on interim basis
Will face 'appropriate action'