Mr. C invested £38,000 into an overseas forestry in 2011 and in 2017 it became clear that the company that owned the asset/forestry had gone into receivership and the SIPP had moved into default.
Mr C believed that he had been mis-sold the SIPP. He made a claim against IFA’s via the Financial Services Compensation Scheme and it was decided that the IFA involved had not acted in the clients’ best interest and his was entitled to SIPP pension compensation. The Financial Services Compensation Scheme found in the client’s favour and he was awarded compensation of £50,000 (maximum allowable at the time) for pension mis selling.
— 138 Comments —
Comments are closed.