Investment & insurance mis-selling

Gough Square’s team of financial services barristers regularly advise on investment and insurance mis-selling. We provide expert advice on compliance with the Insurance (Conduct of Business) Rules (“ICOB”) and the Insurance (Conduct of Business) Sourcebook (“ICOBS”), issues arising from the sale of PPI, and challenges by FOS, the FCA and the Competition Commission.

We also represent banks and financial advisors in relation to the alleged mis-selling of investments and financial products, including alleged breach of the COB rules and interest rate swap mis-selling.

We have experience in dealing with associated limitation issues, including by way of preliminary hearings.

Recent cases include:

  • Conlon v Black Horse Ltd [2013] EWCA Civ 1658: PPI mis-selling: non-disclosure of commission; success in High Court and CA; settled three days before appeal in the Supreme Court;
  • Harrison v Black Horse Ltd (CA)  [2011] Lloyd’s Rep I.R. 455; [2011] C.T.L.C. 105: PPI mis-selling: non-disclosure of commission;
  • Barnes v Black Horse Ltd [2011] 2 All E.R. (Comm) 1130: unfair relationships: transitional provisions;
  • Harrison v Black Horse Ltd (QB) [2011] Lloyd’s Rep I.R. 455; [2011] C.T.L.C. 1: PPI mis-selling: cost of policy and size of commission;
  • Black Horse Ltd v Speak [2010] EWHC 1866 (QB); [2010] C.T.L.C. 211: PPI mis-selling; misrepresentation.

Works recently written by members of chambers include: ‘Modern Financial Regulation’ (‘the Blue Book’), Jordan (2013): details the changes introduced by the Financial Services Act 2012, including content relating to the Financial Conduct Authority, consumer credit, payment services and electronic money.