ZIFA to pay Alpha Plus compensation

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Zurich IFA (ZIFA) has agreed to pay a UK-based intermediary £330,000 as part of the compensation a j...

Zurich IFA (ZIFA) has agreed to pay a UK-based intermediary £330,000 as part of the compensation a judge ordered her to provide a client for the sale of the infamous Imperial Consolidated Alpha Plus fund. Despite agreeing to pay 66% of the total compensation bill of £500,000, ZIFA said it was not accepting any liability over the sale of the Bahamas-based Alpha Plus fund through its offshore bond by Swindon-based adviser Caroline Ockwell & Co to Mr and Mrs Seymour. ZIFA argued that the judge, Sir Mark Havelock-Allan QC, stated that the case should not act as a precedent for any potential cl...

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