The Financial Ombudsman Service (FOS) has denied an IFA's claim a client who invested her pension into Harlequin property "would have found an alternative adviser if they had not acted".
Self-invested pensions and property investment
The Financial Services Compensation Scheme (FSCS) wants to increase protection limits for self-invested personal pension (SIPP) investors following the freedom and choice reforms.
The average compensation payout for a SIPP-related claim against failed IFAs rose almost 50% in 2014-15 against the previous 12 months, prompting a £20m interim levy on life and pensions advisers.
Commercial property and pension investing
‘They don’t understand the property side of SIPPs'
The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.
Here's to the next 25 years of pension saving
The Financial Conduct Authority (FCA) is consulting on widening the definition of 'standard assets' for providers of self-invested personal pensions (SIPP) to cut the cost of incoming capital adequacy requirements.