Financial advice firm refuses to declare that it gave advice over SIPP

Lighthouse Advisory Services – a principal IFA that has operated with several Appointed Representatives, has been told to pay compensation to a client by the Financial Ombudsman, because it refused to sign paperwork declaring that it gave financial advice. In a recently published financial ombudsman case, Mr B was given advise to transfer his two…

Grainger Co Claims after de-listing

Foreman Financial Services (GraingerCo) ignores Ombudsman over mis-sold SIPP complaint

The Tunbridge Wells firm is now closed, after the FCA revoked their authorisation Foreman Financial Services, which often traded as GraingerCo has closed it’s doors after the FCA took action, apparently over the way it handled itself over a SIPP pension complaint. The FCA, which regulated all authorised financial services companies, took away GraingerCo’s ability…

SIPP company accused of “gagging” Ombudsman complaints

Carey Pensions has been accused of sending “threatening” letters to it’s clients in an effort to halt FOS decisions going public If you’ve ever wondered whether you can read about upheld ombudsman complaints against financial firms and institutions, you can – just go to http://www.ombudsman-decisions.org.uk, but one SIPP provider – Carey Pensions, has been accused of…

Car Park SIPP Claims

Furness Financial Management – 2 win claims for mis-sold pension advice

The FOS found in favour of the client in two cases involving unsuitable pension investments in SIPPs Furness Financial Management, no-longer authorised by the FCA and declared “in default” with the FSCS, was based in Staffordshire, and as of 2017 has 2 FOS decisions held against it, both relating to advice it gave clients about moving…