News and Resources

FCA Consults on New Rules Aimed at Improving Pension Transfer Advice

31 / 1 / 2018

In June 2017 the FCA issued a consultation paper (CP17/16) entitled “Advising on Pension Transfers”. The declared purpose of that consultation is to bring the COBS rules into line with the new pension freedoms environment and equip advisers with a framework which will better enable them to give the right advice, so that consumers, in […]

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FCA Acknowledges Widespread Adviser Failings in Pension Transfer Business

31 / 1 / 2018

As a consequence of the pension freedoms introduced in April 2015 consumers have increased choice in how to access their pension savings. Previously pension savings could be used only to provide an income on retirement, through purchasing an annuity or by drawdown. Now pension savings can be accessed to provide an income or cash or […]

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Ruhi Sethi-Smith writes in CLAN Newsletter

14 / 1 / 2018

The activities of the Royal Bank of Scotland’s Global Restructuring Group (“RBS GRG”) have been subject to widespread criticism in the media. The headlines have been welcome for affected customers and unpalatable for RBS. But what does it mean for your business?

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The Perils of Crowdfunding

1 / 1 / 2018

Darragh Connell considers the recent High Court decision, Re BBH Property 1 Ltd & Ors [2017] EWHC 2584. Roth J appointed the Official Receiver as the provisional liquidator of 13 separate companies where it was likely they would be wound up in the public interest. The companies in question were involved in one of two […]

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CGL: unexpected, illogical and unfair

1 / 1 / 2018

David McIlroy and Nathan Webb consider the recent Court of Appeal decision in CGL v RBS [2017] EWCA Civ 1073, which addressed the scope for small businesses bringing claims against banks for alleged mis-selling in breach of regulatory rules. The decision involved three conjoined appeals and in each case the claimant alleged that it had […]

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Pension Transfer Advice Failing

1 / 11 / 2017

Susanne Muth considers the FCA’s recent update on systemic failings in the provision of advice on pension transfers. The update focuses in particular on the advice (or lack thereof) being given on transfers from defined benefits schemes to defined contributions personal pension schemes. If you think you have lost out as a result of unsuitable pension transfer advice, we are […]

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GRG Interim Report

15 / 10 / 2017

Susanne Muth considers the recently released Interim Summary Report into the workings of RBS’s Global Recovery Group. Click here to download the article. If you think you may have a claim against a lender relating to your treatment by a business support unit — whether that’s RBS/GRG or another bank — we are able to give you […]

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Susanne Muth joins Forum

2 / 10 / 2017

We are delighted to announce that Susanne Muth has joined Chambers from October 2017. Susanne appears regularly in the High Court in London and the regional Business and Property Courts. Her wealth of experience in the areas of commercial litigation, professional negligence and financial services regulation will complement our expertise in our core areas of […]

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Ruhi Sethi-Smith joins chambers

1 / 10 / 2017

We are delighted to announce that Ruhi Sethi-Smith has joined Forum Chambers. Ruhi has a wealth of expertise in commercial, banking and financial services, insolvency, consumer credit, and professional negligence litigation. She regularly appears in High Court and County Court disputes. Prior to joining the bar Ruhi was a Solicitor-Advocate at a number of top London […]

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Claims against Banks’ Business Support Units

26 / 8 / 2017

Going from Bad to Worse: Claims against Banks’ Business Support Units The activities of the Royal Bank of Scotland’s Global Restructuring Group (“RBS GRG”) have been subject to widespread criticism in the media. The headlines have been welcome for affected customers and unpalatable for RBS. But what does it mean for your business? At Forum, […]

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