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Legal threat aims to end stand-off over DBS fee hike

Solicitors for DBS members&#39 Network Action Group are threatening legal action to stop a 30 per cent fee hike.

Nottingham solicitors Fraser Brown will tell DBS this week it must hold off introducing its new price structure in April or face injunction proceedings.

NAG says it will sue DBS on grounds of competition, arguing the price rise is unfair because Misys has control over a substantial proportion of networks and that it failed to consult DBS members.

If DBS does not move on fees, the action group, which has raised over £9,000 from 90 firms, will organise a group action by all DBS firms which paid the network for pension misselling excesses, which it says should not have been paid under the terms of the network&#39s agency agreement.

Both sides are blaming the other for failing to negotiate before now. NAG says attempts to open a dialogue with DBS through its PI insurer PYV have fallen on deaf ears but DBS denies that it has been contacted.

A NAG spokesman says: “We have given them the chance for dialogue but they have ridden roughshod over us. We are disappointed they do not want a dialogue.”

A DBS spokeswoman Sue Lewis says: “This is not a no-comment situation. NAG have not spoken to us, so there is nothing we can say.”


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