FSA contests court ruling

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.