Another Firm Connected With The British Steel Pensions Scandal Liquidates

More claims are expected for mis-sold pension transfers away from the British Steel Pensions Scheme after Retirement & Pension Planning Services enters into liquidation. Based in Barnsley, Retirement & Pension Planning Services entered into an agreement with the UK financial services regulator back in December 2017, which mean they would STOP all pension transfer business,…

FCA concerns over mis-leading labelling of investment portfolios

Do you really know if your SIPP portfolio investments are “cautious”? The UK regulator has criticised some investment platforms for labelling investment portfolios in a may that may “mislead” customers about the risk the investments present. Many investment companies build portfolios of investments, and label them with names such as “cautious”, “Conservative” or “balanced”, but…

Ombudsman Upholds Claim Against Guinness Mahon For High-Risk Investments

The FOS has upheld a complaint against SIPP provider Guinness Mahon relating to the mis-selling of high-risk investments within some of their their Self-Invested Personal Pensions. In the case, the individual was introduced to high-risk investments and the Guinness Mahon SIPP by Avocade – an unregulated introducer rather than a regulated financial adviser. Avocade is…