Archive for the 'financial advice' Category
Pitt and another v Holt and another; Futter and another v Futter and Others – WLR Daily
Published March 14, 2011 financial advice , law reports , taxation , trusts Leave a CommentBarclays’ £60m compensation bill – BBC News
Published January 21, 2011 compensation , financial advice , news Leave a Comment“Thousands of people investing their retirement savings were given poor advice by Barclays, which must now pay millions of pounds in compensation.”
BBC News, 18th January 2011
Source: www.bbc.co.uk
Legal privilege should not extend to accountants, rules Court of Appeal – OUT-LAW.com
Published October 18, 2010 accountants , financial advice , news , privilege Leave a Comment“The right to keep correspondence and documents relating to legal advice secret does not exist when the person giving the advice is an accountant, the Court of Appeal has ruled.”
OUT-LAW.com, 18th October 2010
Source: www.out-law.com
Regina (Prudential plc and another) v Special Commissioner of Income Tax and another (Institute of Chartered Accountants in England and Wales and others intervening) – WLR Daily
Published October 14, 2010 accountants , disclosure , financial advice , law reports , legal profession , privilege Leave a Comment“Legal advice privilege applied only to advice given by a member of the legal profession.”
WLR Daily, 13th October 2010
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
Court of Appeal confirms limits to legal professional privilege – Law Society’s Gazette
Published October 14, 2010 disclosure , financial advice , legal profession , news , privilege Leave a Comment“The Court of Appeal today unanimously confirmed that legal professional privilege (LPP) only applies to qualified lawyers – solicitors and barristers. The decision was welcomed by the Law Society as giving certainty to solicitors and their clients.”
Law Society’s Gazette, 14th October 2010
Source: www.lawgazette.co.uk
Retail investment reforms are a call to action for the industry, says FSA – OUT-LAW.com
Published July 1, 2009 consumer protection , financial advice , news Leave a Comment“The Financial Services Authority’s proposed new rules for the retail investment industry will impose a complete ban on commission-based sales and require firms to tell customers from the outset whether or not their advice is independent and how much it will cost.”
OUT-LAW.com, 30th June 2009
Source: www.out-law.com
Financial Services Authority shuts record number of rogue advisers – The Times
Published April 15, 2009 financial advice , financial regulation , news Leave a Comment“The City watchdog has banned a record number of firms that sell mortgages, pensions, investments and insurance.”
The Times, 14th April 2009
Source: www.timesonline.co.uk
Broker escapes jail over forged FSA applications – The Times
Published November 18, 2008 financial advice , financial regulation , forgery , news , prosecutions Leave a Comment“The first person to be prosecuted by the Financial Services Authority (FSA) over falsifying an application for authorisation to sell financial products has been given a suspended sentence.”
The Times, 18th November 2008
Source: www.timesonline.co.uk
Collymore wins damages over financial advice – The Independent
Published October 20, 2008 damages , financial advice , negligence , news Leave a Comment“Stan Collymore today won more than £1.5 million in damages from financial advisers who invested money he made from his footballing career.”
The Independent, 20th October 2008
Source: www.independent.co.uk
Shore v Sedgwick Financial Services Ltd and Another – Times Law Reports
Published August 12, 2008 financial advice , law reports , negligence , pensions Leave a CommentShore v Sedgwick Financial Services Ltd and Another
Court of Appeal
“If a client, on the advice of a financial expert, transferred his pension investment from one old safe pension scheme to a new risky pension scheme, in which the value of his investment went down, the client’s right to sue the adviser in negligence accrued when the transfer was made; it was not contingent upon the occurrence of loss.”
The Times, 12th August 2008
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
Shore v Sedgwick Financial Services Ltd and another – WLR Daily
Published July 28, 2008 financial advice , law reports , negligence , pensions Leave a CommentShore v Sedgwick Financial Services Ltd and another [2008] EWCA Civ 863; [2008] WLR (D) 255
“Where a client, on the advice of a financial adviser, shifted his pension investment from a relatively safe occupational final salary pension scheme to a new more risky personal pension income withdrawal scheme, which later suffered in value owing to falling annuity rates, the client’s right to sue the adviser in negligence accrued on the date when the transfer was made and was not contingent upon the subsequent occurrence of loss in value or his even later discovery of such loss.”
WLR Daily, 25th July 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.