British compensation bill for ‘bad advice’ by Irish financial services firm runs to millions of pounds

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Claims were approved against Offaly’s Wellington Court Financial Services. Stock image

Britain’s Financial Services Compensation Fund is set to pay out millions to customers of an Irish financial services company that allegedly gave “bad advice” around the transferring of pension benefits.

The UK body has so far upheld 110 claims for compensation worth a combined £6.3m (€7.3m) against Wellington Court Financial Services, an Offaly-based firm.

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