The Financial Ombudsman Service (FOS) has backed an IFA who advised his client on high risk investments. The decision supports lead ombudsman Caroline Mitchell’s claim that the FOS supports advisers “more often than not,” in reaching its decisions (see Brunel…read more
Professional firms can fight back against defamation
Defamation can have a serious impact on the business of professional firms. Rating and review websites makes it easy for disgruntled clients to post damaging false comments about a firm online. Now professional firms can fight back, after the meaning…read more
Drafting error costs law firm £2 million
A mistake in drafting a contract has cost a leading London law firm nearly £2 million. The initial damages awarded to a top banking head-hunter were increased by £375,000 after a Court of Appeal hearing. The case highlights the importance…read more
