The FOS has ruled against an IFA firm over a Sipps case, concluding that ‘unsuitable advice’ was given.
The FOS has ruled a firm was wrong over its claims that a man it advised was an insistent client and ordered it to pay compensation.
The top 20 firms with the highest proportion of FOS complaints resolved in favour of the consumer in the life, pensions and decumulation category have been named.
The proportion of Sipp complaints upheld during this financial year is higher than the last, with one quarter still to go.
The Financial Ombudsman Service has ruled in favour of a client who complained over advice to transfer the value of his protected rights into a new Sipp.
The latest FOS complaints data has shown Sipps had a higher complaint uphold rate than any other financial product.
The Financial Ombudsman’s annual review published today has revealed a significant increase in complaints about personal pension plans, particularly SSAS and Sipps.
The proportion of Sipp complaints upheld by the Financial Ombudsman Service has fallen to below half in the last quarter – despite a rise in new cases compared to last year.
The Financial Ombudsman Service is forecasting it will have to handle a significant rise in pension complaints in 2015/16.
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
Hargreaves Lansdown
James Hay
Lisa Webster
Mattioli Woods
Pension
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity