CMC offers adviser 'beneficial outcomes' in exchange for data

Perceptive Planning director Phil Billingham said the unsolicited contact from CMC Legal Force, concerning the closure of his O&M Pension Advice business, was "nuts" as any future claims would fall at his feet.  Billingham explained that he bought O&M Pension Advice back in January, with a view to creating his "perfect model" for a pension transfer firm - an independent, Chartered firm, with a non-contingent model. However, Billingham was unable to obtain professional indemnity (PI) cover that was commercially viable for the firm after its previous insurer's parent company fell into admi...