Lobby group Adviser Alliance has had its application for a judicial review into the absence of an industry long-stop rejected - but has vowed to continue the fight for a time-bar on complaints.
The group originally applied for a judicial review into a 15-year long-stop last year at the High Court of Justice - Queens Bench Division, after an IFA lost a Financial Ombudsman Service (FOS) case relating to a 20-year old client complaint. A judge subsequently rejected the application but Adviser Alliance - represented by law firm Foot Anstey - appealed the decision at the Civil Appeals Office and was informed last week the appeal had been rejected. Adviser Alliance, which had after-the-event insurance in place in case the appeal was rejected, now says it will no longer pursue the ...
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