Financial Planner Must Pay Redress Over Pension Advice

Law360, London (April 30, 2019, 5:10 PM BST) -- A London court has ordered a financial planning company to pay compensation to a former client over advice it gave him about his pension arrangements, as it enforced a decision by the Financial Ombudsman Service from 2017.

Montfort International, which acts as a financial adviser for individuals planning to emigrate from the U.K., must pay Martin Davies £135,120 ($176,100) in a full and final settlement of the claim, Deputy Master Timothy Bowles said in an order at the High Court dated April 29.

Davies filed a Part 8 claim at the court in February, seeking an injunction to compel Montfort to...

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