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Categories:Advisers,Regulation

FSA contests court ruling

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The FSA has lodged its appeal against a decision to reject a bid to quash a case brought by a retired IFA who is suing the regulator for harassment.

In August, Money Marketing revealed John Calland is suing the FSA under the Protection from Harassment Act 1997, alleging the FSA, the Financial Services Compensation Scheme and the Financial Ombudsman Service worked together to unfairly progress loss assessments and solicit pension complaints from former clients.

The FSA submitted an application to strike out the case but Exeter county court rejected the application.

The regulator has now appealed against the strike-out decision, with a hearing scheduled for next month at Bow county court in east London.

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Readers' comments (5)

  • Like many, many other people, I hope sincerely that the FSA's appeal is roundly rejected.

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  • The FSA simply don't like being called to account for their disgusting behaviour.

    I really hope moneymarketing and all the professional press make it a priority to give this full coverage if the case gets to court. We want every embarrassing detail to be ventillated in public, so we can all see what a pernicious and mendacious this 'regulator' really is.

    They don't care if they waste money on appealing; it's not their money and there is a permanent cash-cow lurking nearby that they can milk and milk and milk and the poor cow has no say in the matter.

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  • Mr Calland deserves to have his case heard.

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  • This case will test the principle of the rule of law both criminal and civil.
    Harassment is an offence under the Protection from Harassment Act 1997 (section 1, 1a)
    I hope the guy wins, but the judiciary in our country cannot be relied on to be fair and reasonable, especially when it involves the FSA, which is immune from prosecution under FSMA

    If this establishes the rights of IFAs to call the FSA to account, it bodes well for anyone who has suffered at the hands of this unaccountable leviathon.

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  • Any update on this Natalie?

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  • The hearing has been delayed a number of times and is now scheduled for October 31.

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