The total value of ‘lost’ pension pots has jumped by over £7bn to nearly £27bn in four years, according to a new report.
FCA figures have shown a fall in the number of complaints about regulated firms.
The percentage of complaints about SIPPs upheld by the Financial Ombudsman Scheme rose sharply in the spring as the number of new complaints about SIPPs also rose sharply.
The AMPS conference in London yesterday featured a warning on the increasing proliferation of ‘ambulance chaser’ companies seeking to press claims against SIPP providers.
The pension reforms risk creating another PPI-style scandal, a financial services firm's founder says.
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