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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.

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