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The Court of Appeal has sided with the Financial Ombudsman Service and thrown out the latest judicial review brought by Options Pensions, formerly known as Carey Pensions, which challenged a Sipp ruling.
In my first year at Money Marketing back in 2018 I got into the fascinating world of Sipp litigation. I got my teeth into two significant cases that I covered extensively.
STM Group has said it is taking measures to deal with future cases around Sipp’s administrator’s duties after suffering major setbacks at the Supreme Courts two months ago.
An adviser firm’s due diligence on any Sipp provider it currently has exposure to, or wishes to recommend to clients for the first time, is crucial. That due diligence should reveal that providers still come in many shapes and sizes but that not all are tarred with the same brush.