ASK TONY: Mystery of the lost £80k in shares as Santander blames a 'systems error' for losing retired couple's savings
I'm a financial adviser, whose clients — a retired couple — have suffered extremely poor service from Santander.
In early 2016, the wife held about £160,000 of shares in a Santander unit trust. In order to make use of her husband's unused capital gains tax allowance, she planned to transfer about half of her holding to him.
Santander reduced her holding but failed to complete the transfer, meaning about £80,000 of savings went missing.
I have called weekly since April but Santander refused to correct the mistake immediately. It blamed a systems error and was unable to provide a timescale... read more
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