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Windfall shares test case goes to court

The windfall shares test case to decide whether demutualisation shares and benefits should be taken into account when calculating loss in the pensions review is being heard next week.

The &#39Needler Financial Services Limited v Taber&#39 case is expected to start on 16 July for three days at the High Court at the Royal Courts of Justice in London. Legal firm Reynolds Porter Chamberlain is representing Needler&#39s PI underwriters, Collegiate.

The misselling involved Needler advising Mr Taber to transfer his deferred occupational pension to a personal pension plan with Norwich Union in 1990.

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