Horton v Henry: trustees in bankruptcy cannot compel bankrupts to draw their uncrystallised pensions
Summary
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Eversheds Sutherland (International) LLP, Bankruptcy, Insolvency Act 1986 (UK), Court of Appeal of England & Wales
FOS upholds two Keydata complaints against IFAs but concludes that compensation should only be paid in one
The Financial Ombudsman Service ("FOS") has provisionally upheld two complaints made by Mr W and Mr and Mrs K against IFAs who recommended that they invest in the Keydata Bonds in 2005. FOS found that the products presented a greater risk than the investors were willing to take. Interestingly, however, compensation has only been offered to Mr and Mrs K.
United Kingdom, Capital Markets, Insolvency & Restructuring, Insurance, Litigation, Eversheds Sutherland (International) LLP, Solicitor, Life insurance