Advisers accused of 'manipulating FOS compensation calculation' to decrease pay outs
Meeting with MPs
"If no adviser fees are being charged, then the compensation figure is reduced very significantly and the negligent adviser avoids having to pay a large sum" - Clarke Willmott's Philippa Hann.
Some advisers facing claims at the FOS have used the compensation calculation process to manipulate and decrease the amount they pay out to former clients, Professional Adviser has been told.
Solicitor firm Clarke Willmott, which has handled hundreds of British Steel claims, has claimed that several advisers it has brought cases against on behalf of steelworkers have manipulated their fees...
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