The Financial Ombudsman Service (FOS) has told Greystone Financial Services to compensate an investor for losses following "inappropriate advice" to pour nearly 80% of his SIPP in UCIS property funds.
In May 2007, Greystone advised Mr P to invest £25,000 of his self-invested personal pension (SIPP) in the Phoenix Spree Deutschland fund and another £25,000 in Rock Industrial UK Property fund. Mr P...
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