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Excessive due diligence not expected of UK Sipp providers

Excessive due diligence not expected of UK Sipp providers

The UK's Pensions Ombudsman has found in favour of Sipp providers in a case where a client made non-regulated investments without seeking financial advice. Ombudsman Anthony Arter argued that the Sipp provider should not be expected to carry out extensive due diligence into the suitability of investments chosen by the client. Please link to International Adviser to read the full article by Monira Matin.

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