DeVere & Partners (UK) handed compensation bill by Ombudsman

clock • 2 min read

The UK's Financial Ombudsman Service (FOS) has told deVere and Partners (UK) that it must to compensate a client who received what it has deemed to be unsuitable advice. DeVere and Partners (UK) - a separate subsidiary company from the international advice business deVere Group - was told by FOS to have compensate the complainant, dubbed Mr F, who complained about advice relating to a previously-held Qrops plan. In its ruling, the FOS said that Mr F had originally transferred two existing pensions into a Qrops in 2010 following advice from another business based in Cyprus. When he mov...

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Author spotlight

Gary Robinson

Gary has thirty years experience in financial services, originally as a financial adviser, then financial journalist and videographer