The WLR Daily case summaries
[2024] WLR(D) 231
Court of Appeal
Rex (Options UK Personal Pensions LLP) v Financial Ombudsman Service Ltd
[2024] EWCA Civ 541
2024 April 16, 17;
May 20
May 20
Underhill, Asplin, Popplewell LJJ
Financial services— Investigation— Ombudsman scheme— Claimant regulated self-invested personal pension provider and administrator— Complaint by investor over inadequate due diligence on unregulated introducer and unregulated investment— Ombudsman determining in investor’s favour awarding compensation— Whether ombudsman required to give reasons for award unavailable to court—
Financial Services and Markets Act 2000 ( c 8), ss 225(1), 228(2), 229(2)