Financial advisers will be held liable for losses suffered by clients in relation to three Stirling Mortimer funds if misselling can be proven, the Financial Services Compensation Scheme (FSCS) has said as it started processing claims.
The scheme said in a statement on 13 March it is now satisfied IFAs who advised clients to invest in the beleaguered overseas property scheme can be held liable if they are found to have given bad advice....
Follows Lord Hill listing recommendations
Helping firms 'get ahead' under SFDR
Hill report calls for cut in free float to 15%
Expected by Q2 2021
Rolls-Royce to cut 9,000 jobs
Six months' prep time
Searches on Square Mile’s Academy of Funds