'Some advisers may have earned £80,000 a day from steelworker transfers' - lawyer on poor advice

It’s The Pro Adviser Podcast

Hannah Godfrey
clock • 1 min read

In this week’s episode of The Pro Adviser Podcast, in association with Architas, Hannah Godfrey talks to Laura Robinson, a solicitor at Clarke Willmott, who has been working closely with steelworkers trying to obtain compensation after they were poorly advised.

Robinson, along with other solicitors at Clarke Willmott, is acting for around 500 steelworkers against financial advisers who delivered poor defined benefit (DB) transfer advice.  So far the law firm has taken action against 85 different adviser firms, although Robinson still believes the steelworker saga is only just beginning, as she points out there are potentially thousands more steelworkers who have not yet taken action and may have been poorly advised. In the podcast this week, Robinson talks about adviser negligence, defends the idea of steelworkers making use of law firms whe...

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 Your profession

Rise and fall of finfluencers: Shifting the advice landscape

Rise and fall of finfluencers: Shifting the advice landscape

Investors shift back to traditional advice as finfluencers’ popularity falls

Sahar Nazir
clock 24 May 2024 • 7 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 May 2024 • 1 min read
Feel Good Friday: Financial education for the next generation

Feel Good Friday: Financial education for the next generation

RedSTART and The Money Charity on the importance of education

Professional Adviser
clock 24 May 2024 • 1 min read