Tag Archives: FOS

All messed up and nowhere to go – DB transfer compensation

The FCA announced yesterday that it was writing to a further 950 DB pension advice customers potentially entitled to compensation. The FCA has now written to a total of 3,591 defined benefit (DB) pension transfer advice customers this year to tell them they may be entitled to compensation. And it … Continue reading

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Are SIPPs just too complicated?

  News yesterday  that complaints about SIPPs (Self Invested Personal Pensions) are now upheld by the pension ombudsman more than any other financial product. The number of new complaints to the Financial Ombudsman Service concerning Sipps has nearly doubled in … Continue reading

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What are we to make of the Financial Ombudsman?

The Financial Ombudsman’s annual report – published yesterday – shows strong demand for its services. But the perception of what FOS does seems to be wider than it should be. Many people use FAS as a money advice service , … Continue reading

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Why the FCA should take a leaf out of tPR’s book.

  The Pensions Regulator have been re-born over the last five years and become focussed on helping advisers, trustees and employees solve pension problems. They have started treating us as  customers and not potential criminals. Sadly, this attitudinal shift doesn’t seem … Continue reading

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