Financial professionals

Financial professionals turn to us when they need help defending claims, resolving disputes, and managing regulatory issues.

Our experience in this field is vast. We've defended claims against financial advisers and networks, discretionary investment and fund managers, pension trustees, administrators and actuaries, offshore trustees and corporate service providers.

We provide a full service offering to financial and pensions professionals and have lawyers specialising in key areas of the field. These include civil claims, Financial Ombudsman Service (FOC) complaints, s166 skilled persons reports, past business reviews and Pensions Ombudsman complaints.

Examples of work

Bringing judicial review proceedings against the FOS in R v Financial Ombudsman Service Limited

Acting for pension trustees in relation to a multi-million-pound claim arising out of alleged failure to equalise retirement ages and accrual errors

Advising on financial adviser networks' liability for appointed representatives' acts, including where those acts amount to fraud

Acting for various financial services firms and their insurers in dealing with investment claims and complaints, Financial Conduct Authority (FCA) s166 reports and past business reviews

Advising offshore trustees and corporate service-providers in respect of a multi-million-pound dispute being litigated in Guernsey

Spotlights

They know what they're doing: They play hard as one would expect but they play fair. They do a very good job for their clients.
Chambers UK 2016

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RPC ‘provides a top-quality service across a range of professions’, including the healthcare, financial services, accountancy and legal sectors.
Legal 500 UK 2015

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RPC provides ‘clear and appropriate’ advice to defendants and their insurers in high-value claims, and in regulatory and disciplinary proceeding.
Legal 500 UK 2015

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They always go the extra mile.
Chambers UK 2015

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Our perspective

No judicial review for FOS defined benefit transfer case

Published on 31 March 2022. By Rachael Healey, Partner

The High Court has rejected an application for permission for judicial review in a number of FOS complaints upheld against the adviser who advised on a defined benefit pension transfer. The adviser had advised on the transfer but not the subsequent investments made after the transfer. The adviser was led to believe that UCIS investments would not be made with the transferred funds but in fact UCIS investments were made. The FOS found that the adviser had given unsuitable pension transfer advice partly on the basis that it should have asked more questions about the ultimate investments and it was not enough to have provided for a general spread of investment type. Permission for judicial review was rejected on the basis that there was nothing unlawful in the FOS decisions including the fact that the adviser was held responsible for 100% of the losses despite the involvement of the separate adviser that advised on the investments following the transfer.