FSCS to assess BBB mis-selling claims

Consumers who are previous clients of the firm in liquidation are now eligible from today for compensation should a claim be upheld for negligent advice by BIA intermediaries, as the firm has been officially declared in default. A spokesperson for the FSCS says it is aware, at this stage, of approximately 300 policyholder compensation claims against BIA Ltd. The bulk of these relate to potential endowment mis-selling, while others are claims for alleged investment bond and pensions mis-selling. The assets of BIA – recently known as BBB Network Ltd – were sold to Tenet Group in March 2006...