FCA data showed an increase in the number of complaints about regulated firms, with more than four million complaints during the first half of 2018.

Complaints about SIPPs to the Financial Ombudsman rose by 37% over the past 12 months but complaints about IFAs fell steeply at the same time, according to FOS data released today.

The AMPS conference in London today featured a warning on the increasing proliferation of  ‘ambulance chaser’ companies seeking to press claims against SIPP providers.

Complaints against financial services firms rose by 13% in the second half of last year, according to figures released by the FCA today.