View more on these topics

Bankhall &#39whistleblower&#39 claims unfair dismissal

Bankhall Investment Associates is facing an employment tribunal brought by a former employee alleging unfair dismissal for whistleblowing.

The hearing is scheduled to take place in Manchester for three days from November 12.

The former employee, Ian Stephens, is believed to have been a finance director at the IFA support services group for a short period last year.

As part of his original application, Stephens alleges breach of contract and unfair dismissal because of exercising rights under the Public Interest Disclosure Act 1988.

This act protects workers who “blow the whistle” about wrongdoing. It gives them a statutory right to protection if they disclose information about their employer that they believe to be in the public interest.

Bankhall director of marketing Tony Murrell says: “I can confirm that this claim is subject to an industrial tribunal that we will vigorously defend but in the circumstances it is inappropriate to make any further comment.”

Solicitor Karen Walker of Nelsons Solicitors, which is representing Stephens, says: “We are still at the early stage of proceedings. It is a matter of public record that my client believes that under the PID Act his employment was terminated and he was penalised for making a disclosure.

“Normally, reinstatement is not a practical option. In most tribunals, either the case is settled or it goes to a further hearing.”

Recommended

Old Mutual loses bond star to M&G

Old Mutual&#39s top-performing corporate bond fund manager Richard Woolnough is quitting to join M&G&#39s fixed income team in the new year.Woolnough, the leading corporate bond fund manager of the past three years, will run a new fund that M&G is launching in the first quarter of 2004.The fund, which Woolnough will help develop, will sit […]

£3bn wasted on mortgages says HSBC

UK homeowners are being charged almost £3 billion over the odds by lenders with high standard variable rates, says HSBC. The bank dropped its Home Buyer Mortgage variable rate to 4.49 per cent last week, and says that 7 out of the country’s top 10 lenders charge their customers at least £14,000 more than its […]

Half UK SMEs have no key worker cover – L&G

Half of the UK&#39s small firms would collapse within a year if a key worker such as a director or partner was seriously ill or died, according to research from Legal & General.But 48 per cent of these firms say they have no insurance to protect against the loss of key staff members. L&G&#39s research […]

Gainful strategies

Having looked at ways of maximising income tax saving between married couples, I would like to turn to capital gains tax.A husband and wife are taxed independently on their own capital gains. Each has an annual exemption of £7,900. This could mean a tax saving for each of them of up to £3,160 in the […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com