Will writing firms shut down after mis-selling

clock

Three companies providing will and trust writing services were wound up last week after an operation by Company Investigations (CI), a branch of the Insolvency Service.

The linked companies, Minster Legal Services and Legal Assistance, based in Lincolnshire, and Legal Assistance 4U, from Nottinghamshire, had been cold-calling customers offering home visits from self-employed "legal consultants". Between them, the companies had generated a sales income of £1.1m. Minster Legal Services had mis-sold products and charged different prices for the same product for no reason, CI said. The business was found to be insolvent. Minster's director had been managing the company despite having been disqualified, company funds had been put into a bank account ov...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment Trusts

Investment trusts close 2023 with 4.6% performance boost

Investment trusts close 2023 with 4.6% performance boost

Numis research into investment company universe

Cristian Angeloni
clock 04 January 2024 • 3 min read
What Q1 2023 and beyond could hold in store for markets

What Q1 2023 and beyond could hold in store for markets

Look at the road ahead, not the flies hitting the windscreen

Andrew Bell
clock 22 December 2022 • 8 min read
Fundsmith Emerging Equities trust proposes liquidation

Fundsmith Emerging Equities trust proposes liquidation

£323m Fundsmith Emerging Equities trust performance ‘fallen below expectations’

James Baxter-Derrington
clock 14 September 2022 • 1 min read