More than 40,000 mis-sold pension policyholders are expected to receive compensation as well as their...
More than 40,000 mis-sold pension policyholders are expected to receive compensation as well as their demutualisation windfalls following the verdict of test case at the Royal Courts of Justice. The High Court ruled against Needler Financial Services in the test case versus Ronald Taber regarding whether Taber should keep the entirety of a demutualisation windfall as well as compensation following a pension mis-selling by Needler. Vice Chancellor, Sir Andrew Merritt's ruling underlined the 1997 PIA ruling that windfalls are "entirely collateral". The decision will likely cost t...
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