Redress to be paid after advice to invest in unregulated Brazilian property scheme

clock
Redress to be paid after advice to invest in unregulated Brazilian property scheme

The Financial Ombudsman Service (FOS) has said an advice firm must pay compensation to a client after advising them to invest in an unregulated, overseas property scheme. Miss D - as referred to by the ombudsman - said she was given unsuitable advice to transfer her occupational pension scheme (OPS) and personal pensions to a self-invested personal pension (SIPP). She was advised by specialists pensions firm Heather Dunne IFA, an appointed representative of Financial Solutions Midhurs...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login