Poor advice tops FOS investment disputes
Inappropriate advice in mixed asset funds, managed investment, and other investments and advice were the most common issues in investment and advice disputes received by the Financial Ombudsman Service (FOS). The 2015/16 annual review showed that out of the 1,141 investments and advice dispute cases FOS received, 28 per cent of them were about inappropriate advice, while almost two-thirds were about managed investments and superannuation.