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CA dismisses review of FOS decision on SIPP provider

The Court of Appeal in Options UK Personal Pensions LLP v Financial Services Ombudsman Ltd [2024] EWCA Civ 541 has dismissed a judicial review claim brought by a SIPP provider and administrator against a decision by FOS that the claimant had breached its duty to carry out due diligence on the introducers of the investment and on the investment itself. In so doing, the Court held that FOS had adequately explained the reasons for its decision, was entitled to find that a due diligence duty was owed, and had not acted irrationally in finding that the duty had been breached.

A transcript of the judgment can be found here. A note of the judgment will be published on Pensions Barrister shortly.

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