The Financial Ombudsman Service (FOS) has ordered advice firm Sussex IFA to compensate a former client after it gave unsuitable advice to open a SIPP, which was used to invest in failed property scheme Harlequin.
In early 2010, a client - designated 'Mr F' by the ombudsman - was introduced to Sussex IFA by a third-party adviser. At the time, he needed a regulated business to facilitate the transfer of his existing...
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