James Hay has issued legal proceedings against former director Richard Mattison, accusing his new SSAS business of poaching clients.
Mattison left James Hay in September last year. In January, Money Marketing reported that Mattison and Jane Davies, who was previously business development manager at James Hay, had bought Manchester-based firm Whitehall Group.
James Hay managing director Tim Sargisson says he believes Mattison and Davies have used James Hay’s data to obtain SSAS client details and attempt to persuade them to appoint Whitehall as trustee.
He says: “We have served a claim against Whitehall and their two directors Richard Mattison and Jane Davies. We believe they have used our data to poach clients. My view is that Whitehall would not have knowledge of these client details, having not worked for James Hay or IPS.
“We will do what we can to protect our position. Mattison and Davies will now file a defence and we will see what that says.
“We have had around 10 clients contact us saying they have been approached by Whitehall and we know a number have also switched from James Hay to Whitehall.”
Mattison and Davies were unavailable for comment at the time of going to press.