What happened
deVere Group operates across more than 80 countries and has advised a large number of UK expats on pension transfers into QROPS and SIPP structures. The firm faces FCA scrutiny on various aspects of its pension advice.
Many affected clients have never complained. Route 4 civil litigation is the primary route. Route 2 FOS is assessed in parallel where UK jurisdiction is established.
Who this affects
UK nationals worldwide advised by deVere on a UK pension transfer — particularly those who have never previously complained.