L&G told to compensate client over investment advice given 25 years ago

In September 1996 Mr and Mrs W were advised by L&G to each invest into two Personal Equity Plans (PEPs) in the Legal & General Worldwide Trust. The complaint of unsuitable advice centred on the level of risk: Mrs W had been involved in a serious accident prior to seeking the advice and was unable to work. The couple complained they were advised to invest too much money with too much risk for first-time investors. After receiving the advice in 1996, Mrs W surrendered her PEP in September 2001, receiving a little less than £6,000, while Mr W surrendered his later on in 2003 and received...