The ombudsman has ruled against an advisory firm over a Sipp transfer for which the introducer was unregulated, despite “limited evidence” it was providing advice.
A pensions company is bidding to take some of its rivals' market share in the Sipp market through revamping its website with a sharper focus on cost transparency.
New pension investments (excluding transfers) soared by almost a quarter in 2016, rising from £14bn in 2015 to £17.4bn, suggesting a recovery in pension savings.
A well known former adviser and trainer of advisers has been handed a nine year disqualification.
The FOS has ruled against an IFA firm over a Sipps case, concluding that ‘unsuitable advice’ was given.