Ombudsman
Tax & Regulation | 16 Aug 17
Sipps among most complained about UK financial products
The UK’s Financial Ombudsman Service (FOS) received 59% more complaints about self-invested personal pensions (Sipps) in the first quarter of the 2017/2018 financial year compared to the same period a year before.
United Kingdom | 14 Aug 17
Coutts loses ombudsman fight over discretionary portfolios
A couple who claimed Coutts mismanaged their discretionary portfolios have won a fight for compensation after taking their case to the Financial Ombudsman Service (FOS).
Tax & Regulation | 11 Aug 17
Mazars cleared of bad advice charge by UK Ombudsman
A man who had to pay additional taxes after losing his lifetime allowance (LTA) protection on his pension plans was not poorly advised by the financial planning arm of UK accountancy firm Mazars, the ombudsman has found.
Best Practice | 7 Aug 17
Couple win fight against wealth firm over £200k fund transfers
The UK’s Financial Ombudsman Service has upheld a complaint about the unsuitable transfer of investments worth around £200,000 ($260,869, €221,431) made against Attivo Financial Services.
Advice firm promoting Ukrainian property fund goes bust
Cumulus Investment Management, a UK investment firm which has previously come under fire for advising clients to invest in a high-risk Ukrainian property scheme, has officially been dissolved.