View more on these topics

Ashley Law faces legal dispute

A group of seven former Ashley Law advisers are taking legal action against the IFA, alleging it did not fulfil its contractual obligations to its advisers.

The national IFA is based in Leigh-on-Sea in Essex and operates a franchise network of 70 associate offices and 125 RIs.

The dispute arose in 2001 over clawback on commission and contractual obligations over marketing. The ex-members are now seeking compensation for loss of earnings, claiming breach of the contract agreement signed between them and the firm.

Two claimants have begun litigation against the group and the other five advisers are consulting with solicitors over a joint action.

One of the five, Ned Naylor says: “I lost three months&#39 business because I felt unable to recommend the company I was working for.”

Ashley Law managing director Jock Cassidy was unavailable for comment.

Recommended

HSBC Bank – Performance Plus Isa

Wednesday, 2 April 2003 Type: Capital protected Tessa-only Isa Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£9,000 Investment choice: Capital protected Tessa-only Isa Term: Five years Guarantee: Original capital returned in full regardless of performance in index Return: Up to 45% growth at end of term Catmarked: No Closing […]

Verity&#39s view

Four years ago, I received a telephone call from one of that small but powerful clique of people who really run the life insurance industry. He asked me to meet him at one of his favourite pubs to talk off the record about something he felt was dramatically wrong. The company where he had worked […]

SHIP sets up home reversion regulation working party

Consumer protection body Safe Home Income Plans has set up a working party to contribute ideas to the consultation for equity release regulation.Ship has set up the working party following the publication in December 2002 of the Working and Saving for Retirement green paper by the Department for Work and Pensions.Ship chairman Jon King says: […]

Ritchie warns pension safety net could fail

The Government should heed the warning from the US experience before setting up a central insurance safety net for occupational pension schemes, says Scottish Equitable pensions development director Stewart Ritchie.The Department for Work and Pensions is understood to be looking at a central discontinuance fund to bail out members if a big underfunded defined-benefit scheme […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment