Are ongoing advice claims set to be the next PPI?

The first next big thing to follow PPI was pension transfer mis-selling a few years ago. And there has recently even been some chatter that car finance mis-selling was set to be “the one.”

But the sands shift quickly, as do the firms looking for financial justice for their clients.

Recent reports have highlighted the scale at which law firms are advertising their services and hiring extra staff to deal with the anticipated volume of ongoing advice claims from advisers and wealth managers like St. James’s Place, Openwork, Quilter, and Brewin Dolphin.

While the scale of overcharging and the opportunity these claims present to firms are yet to become clear, the eye-watering sums of money already set aside by St. James’s Place and Quilter - that we know of - give the game away that both are likely to be significant.

If your law firm needs support to make sure you don’t miss the boat as claims volumes explode, let’s talk!

We are currently in the advanced stages of assessing whether such claims meet our funding criteria. If we decide to add such claims to our portfolio, our litigation funding solution could allow your law firm to draw down from an agreed lending pool to fund claims against St. James’s Place and others, helping to attain financial justice for your clients.

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