Hailsham Chambers offers particular expertise relating to claims against financial professionals, be they actuaries, IFAs or product providers.
Members of Chambers at all levels of call are equipped to handle the diverse and challenging issues presented by such claims.
Counsel’s experience covers the full spectrum of litigation in this area. In particular, we assist with referrals to the Financial Services Ombudsman; advise as to the legality and enforceability of the Ombudsman’s decisions; act in the judicial review of the decisions of the Ombudsman; and act in claims against IFAs and other financial services professionals, ranging from small scale actions in the County Court to complex group actions in the High Court. Members of chambers have experience of claims involving alleged mis-selling of investment products and tax schemes, including those with an international aspect; claims against financial service professionals in relation to pension schemes, trusts and pension transfers; and claims against auditors
Recent cases of note include:
- Brown v Innovator One where members represented almost all of the IFA Part 20 Defendants, including those selected as lead Part 20 Defendants;
- Claims involving controversial and “toxic” products or schemes, including Alpha Consolidated, Arch Cru, Stirling Mortimer and Keydata;
- Claims against investment advisers including Bateson v Savills
- Judicial review of decisions of the Financial Services Ombudsman, including R (on the application of IFG) v FOS
- Decisions relating to the powers of the Ombudsman and the effect of acceptance of an award, including Bunney v Burns Anderson and In Focus Asset Management v Clark.