Financial advice firm challenge FOS Archives

A financial advice firm that tried to challenge the Financial Ombudsman Service (FOS) in the High Court over a ruling on pension advice has had its case thrown out.

An application for permission to bring a case – which was denied on 22 October – was sparked by a FOS ruling against Kingswood Financial Advisers, an IFA based near Cardiff. The FOS had ruled Kingswood gave unsuitable advice when it switched Mrs D from an existing personal pension into a self-invested personal pension (SIPP). […]

October 27, 2015