IFA 20-year claim case reinvigorates long-stop campaign

Founder of the lobby group Alan Lakey (pictured) says now an arguable case has been found on which to base the review, Adviser Alliance will "do a Gareth Fatchett" and raise funds from the industry to finance the court case. "We are now at the point where we are talking to QCs and will pay money to get the case looked at in depth and get after-the-event insurance," he says. Although Lakey could not divulge details of the case, he said it involves a practising IFA and relates to a 20-year old claim. "It is a case that if the long-stop was recognised would be time-barred," he says. "...