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The latest FOS complaints data has shown Sipps had a higher complaint uphold rate than any other financial product.
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The Financial Ombudsman’s annual review published today has revealed a significant increase in complaints about personal pension plans, particularly SSAS and Sipps.
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The proportion of Sipp complaints upheld by the Financial Ombudsman Service has fallen to below half in the last quarter – despite a rise in new cases compared to last year.
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The Financial Ombudsman Service is forecasting it will have to handle a significant rise in pension complaints in 2015/16.
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