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FSCS speeds up complaints process as it expects more SIPPs to fail


FSCS speeds up complaints process as it expects more SIPPs to fail
Can handle more complaints
The FSCS said its data tool means it will no longer have to manually assess every single page or document in a customer s file.
The Financial Services Compensation Scheme (FSCS) has launched an in-house data lake tool to enhance the efficiency with which it can assess claims, helping to speed up the process for consumers as it expects pension advice and SIPP failures to take up more of its resources.
A data lake is a system of stored data that has no structure. Therefore, the FSCS said, its Resolution Data Lake tool will mean it will no longer have to manually assess every single page or document in. ....

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Kim North: Not all Sipps are part of the Wild West they're made out to be

Kim North: Not all Sipps are part of the Wild West they're made out to be
moneymarketing.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymarketing.co.uk Daily Mail and Mail on Sunday newspapers.

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Carey Pensions ruling forces STM Group to delay results


Firm expects they will now be released in early May
Cross-border financial services provider STM Group has postponed the release of the company’s 2020 year-end results.
It is expected that they will now be published in early May, rather than 20 April as was originally intended.
The
Adams v Carey case has been ongoing since 2018. The client sued the pension company after experiencing losses in investments made through his self-invested personal pension. At first, the high court ruled in favour of Carey, but Adams appealed the judgement.
On 1 April 2021, the court of appeal ruled that Carey did not breach the FCA’s Code of Business Sourcebook (Cobs), but it did side with Adams regarding the breach of the the Financial Services and Markets Act 2000. ....

Adamsv Carey , Financial Services , Carey Pensions , Business Sourcebook , Markets Act , நிதி சேவைகள் , கேரி ஓய்வூதியங்கள் , வணிக மூல புத்தகம் , சந்தைகள் நாடகம் ,

Pensions Ombudsman to restart Carey Pensions claim investigations


Pensions Ombudsman to restart Carey Pensions claim investigations
Had previously put on hold
Lord Justice Newey, Lady Justice Rose and Lady Justice Andrews found Adams was unauthorisedly advised by CLP Brokers (CLP), an unregulated introducer based in Spain.
The Pensions Ombudsman has confirmed it will reopen its investigations into Carey Pensions claims following the Court of Appeal s latest ruling against the SIPP operator.
Last week (1 April), the Court of Appeal ruled in favour of Russell Adams and against his self-invested personal pension (SIPP) operator Options Personal Pensions, formerly Carey Pensions, in their long-running.
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