The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.

The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.

The five individuals invested into schemes, including Ethical Forestry and Global Plantations, between 2013 and 2016. The 5 victims alleged Guinness Mahon Trust Corporation worked with unregulated introducers, to facilitate non-standard investments.

The five victims were cold called and persuaded to invest their pension pots into … Read more