BSPS Consumer Redress Scheme – Asset Restriction Rules
Asset Restriction Rules New rules come into force for affected firms from 00.01 am on 27 April 2022. These rules impact firms that advised members of BSPS during 26 May…
Investment, pensions and insurance misselling claims submitted to the Financial Services Compensation Scheme (“FSCS”)
FSCS has been criticised (Financial Times 6 August 2021) for not including necessary future adviser charges when calculating compensation for mis-sold pensions where the complainant's pension pot needs to be…
DB Pension Transfers – Unexpected additional tax bills after giving up safeguarded pension benefits
This article is relevant to those who have been a member of a defined benefit (DB) pension scheme, expect a pension of more than £30,000 per annum and have not…
The rise of Pension Complaints – are you owed money?
Pensions are complex financial products – too complex for most consumers to understand, especially when making decisions about how they are managed and used for retirement planning purposes. Following the…
Berkeley Burke Vs Financial Ombudsman Service
The high court dismissed an application by Berkeley Burke SIPP Administration Ltd (“BBSAL”) for judicial review of a FOS decision. The Ombudsman upheld a complaint against BBSAL regarding the loss…