Bluefin Advisory Services is braced for a potential £1.2m compensation bill from clients unhappy with their mortgage, pensions and structured products advice.
The claims relate to advice given by Bluefin advisers working under The Thinc Group name, before the business rebranded to Bluefin in January 2009. IFAonline understands some of the potential claims relate to advice given on life-settlement backed Keydata products. A spokesperson from Bluefin said: "We would anticipate recovering a substantial amount of any redress which might have to be made to be recoverable from our indemnity insurance and other arrangements" The provision appears in The Thinc Group's annual results to the year end 31 December 2010. Thinc Group reported pre-t...
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