Retired IFA battling generation-old complaint pushes MP on 'crazily unfair' long-stop

Jenna Towler
clock • 3 min read

A retired IFA currently battling an Ombudsman payment protection insurance claim dating from the 1980s says the lack of a complaints long-stop for advisers is "crazily unfair" and is pushing his MP to intervene.

Tony Mathers, formerly of Mathers Harrison & Co (IFA), said his retirement was being disrupted due to a ‘bogus' payment protection insurance claim dating back to 1987 and his health was suffering as a result. Speaking to PA, he said: "I cannot have a proper, decent retirement. This is an injustice. I am not equal under the law according to the regulator, that is plain wrong." The former IFA, who retired from his Leicestershire-based business after 42 years due to serious ill health, said he was lobbying MP Stephen Dorrell to push for change. He said the MP for Charnwood was now...

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 Regulation

The advice/guidance boundary review: More shades of grey?

The advice/guidance boundary review: More shades of grey?

'The feedback to the FCA is clear: rules are preferred to guidance'

Nina Cherry and Aneta Murdza
clock 09 April 2024 • 4 min read
Unauthorised director to hand investors £1.6m following FCA probe

Unauthorised director to hand investors £1.6m following FCA probe

Amount secured for investors by the FCA following High Court approval

Isabel Baxter
clock 04 April 2024 • 1 min read
Advisers sound positive note on LTA changes but flag need for support

Advisers sound positive note on LTA changes but flag need for support

The LTA will be abolished this week at the end of the tax year

Hope Coumbe
clock 02 April 2024 • 1 min read