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Complaints and compensation claims about advice relating to Sipps will continue to rise, with an extra 500 cases predicted for the next financial year, the FSCS warned today.
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Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.
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Tuesday, 18 November 2014 11:20

Over 500 Sipp related complaints made to FSCS

The Financial Services Compensation Scheme has reported receiving more than 500 claims relating to Sipps.

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The threat of a further levy hangs over advisers due to increased compensation linked to Sipp claims.

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Sipp related claims against financial advisers who are no longer trading have continued rising, The Financial Services Compensation Scheme said today. 

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The volume of compensation claims relating to advice given to consumers to switch from conventional pensions to a Sipp is growing rapidly according to the Financial Services Compensation Scheme.
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Monday, 10 March 2014 12:48

Sipps at centre of FSCS probe

An investigation looking at possible compensation claims against an advisory firm is to hone in on its actions on Sipps.
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The Financial Services Compensation Scheme is considering whether it will be involved in compensation for clients of HD Administrators.
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