RPC

Professional and Financial Risks

David’s practice covers all types of claims and complaints against financial professionals, including civil litigation, FOS complaints, and FCA past business reviews. He typically acts for insurance companies and their insureds, usually financial services companies such as financial advisors, accountants, pensions transfer specialists, and brokers. He also acts for financial institutions – particularly wealth managers and asset managers – and trustees. David has extensive experience of advising both insurers and insureds in respect of regulatory past business reviews, including under s.166 of FSMA.

Publications

https://www.ftadviser.com/opinion/2024/07/09/what-s-next-for-consumer-duty/

https://www.grip.globalrelay.com/no-smoke-without-fire-the-fcas-handling-of-the-bsps-scandal/

https://www.ftadviser.com/opinion/2024/05/07/advisers-need-to-tread-carefully-in-the-changing-landscape-of-retirement-income-advice/?utm_source=nla&utm_medium=rss&utm_campaign=nla-rss&utm_content=advisers-need-to-tread-carefully-in-the-changing-landscape-

https://www.rpc.co.uk/thinking/professional-and-financial-risks/some-rumblings-but-little-thunder/

Recent work highlights

Advising insurers on their potential exposure to a past business review concerning the activities of an appointed representative operating an investment platform.

Defending a discretionary fund manager from a multi-million-pound claim brought by a client concerning investments in various loan notes.

Advising a financial services and wealth management firm in respect of what liability they might have for the actions of an advisor who made a series of investments on behalf of clients in non-standard (and high risk) investments. This included advice on to what extent a redress exercise was necessary given the liability issues.