A ruling in the long-running Carey Pensions legal wrangle is due "imminently" which will bring much-needed clarity to the law concerning the use of unregulated introducers, a lawyer has said.
The prediction from APJ Solicitors lawyer Glyn Taylor said many of the claims relating to self-invested personal pension (SIPP) provider Carey had been effectively put on hold due to an appeal in the similar Berkeley Burke legal case. Both cases deal with SIPP provider liability when client investments go wrong. A ruling in the Carey case is now expected after Berkeley Burke's administrators put a stop to the appeal. Taylor said: "We expect there to be a ruling for the Adams vs Carey Pensions case imminently. We predict the outcome of the court ruling will find Carey Pensions did b...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
