The Financial Services Compensation Scheme (FSCS) has repaid more than £105m in self-invested personal pension (SIPP) claims in 2016/17 - a 35% increase on the previous year.
The lifeboat fund said the increase was due to failed advice firms that transferred savers out of occupational schemes into risky SIPP investments. It paid out £105m to compensate for these losses in 2016-17,...
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created