N&P hit with mass mis-selling claim

At the same time, a dossier containing evidence of what is alleged to be N&P's repeated mis-selling of investments between 2006 and 2009 will go to the FSA, reports the Financial Mail. Advisers at N&P sold 3,100 Keydata bonds to mainly older, risk-averse savers, collecting £3m in commission. But in a high proportion of cases, advisers told customers to put most or all of their money into the bonds. They also failed to spell out risks or disclose their commissions. Law firm Regulatory Legal already represents 250 N&P Keydata investors but expects a further 300 to sign up soon. It...