Zurich IFA considers an appeal against £500,000 payout ruling

Zurich IFA (ZIFA) is considering whether to appeal against having to share a £500,000 compensation bill with a UK-based financial adviser over the sale of the infamous Imperial Consolidated Alpha Plus fund through an offshore bond. In response to the judgement in the Seymour vs Ockwell vs ZIFA High Court case, Zurich said: "We are considering the detail of the judge's comments and the merits of any appeal. Until this process has concluded, we cannot comment in detail on the case or our response." It has been reported that the judge, Sir Mark Havelock-Allan QC, ruled that ZIFA and Swindon-...