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Man confused over financial advisers responses

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

12/10/2018

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 … Continued

Grainger Co Claims after de-listing

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

01/10/2018

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 … Continued

Enquiries about SIPP and pension transfers increase AGAIN, says Ombudsman

08/15/2017

Are you sat on a SIPP complaint? The FOS (Financial Ombudsman Service) has published figures that show a 59% increase in enquiries relating to Self-Invested Personal Pensions (SIPPS) in Q1: April – June 2017, along with a rise in complaints regarding pension transfers. The service which has the power to force companies to pay clients compensation … Continued

A judges gravel

FOS tells IFA Blackstar to pay client compensation over storage pod investments

05/30/2017

BlackStar Wealth Management added to the long list of IFAs to give unsuitable SIPP pension advice over high-risk storage pod investments The Financial Ombudsman Service has ruled that Blackstar Wealth Management a complaint about a mis-sold pension from Blackstar Wealth Management should be upheld, after it was determined that advice for ‘Mr I’ to invest … Continued

Single IFA faces FCA restrictions after no less than 14 upheld Ombudsman complaints regarding high-risk investments into SIPPs

01/18/2017

Kingswood Financial Advisors, a Mid Glamorgan based financial advice firm has had restrictions imposed by the Financial Conduct Authority that mean it can no longer transfer people’s pensions into SIPPs with Non-Standard Investments. The FCA notes say that the firm must not “carry out any regulated activities in relation pension switches and/or pension transfers to … Continued

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