Legal & General has filed a bankruptcy petition with the High Court against a division of IFA servic...
Legal & General has filed a bankruptcy petition with the High Court against a division of IFA services firm Lifeboat Financial Group. Multi Tie Distribution Network Ltd - a non-regulated arm of the Lifeboat support services group which was formerly known as MCV Network Ltd - faces a £362,000 bankruptcy petition which is being heard at the High Court on September 3rd. IFAonline understands the legal action may concern commission clawback, however, neither party is prepared to comment on the specific details of the dispute. Other divisions at Lifeboat are still recommending and...
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