Insights / News
Insights / News
Chloë Bell has provided pro bono representation to an individual who suffered a shortfall in a pension transfer quotation due to negligent advice and services provided by his financial advisors. The individual’s advisors sent incorrect documentation to the entity responsible for providing the quotation. When the correct documentation was eventually provided the original quotation had expired and the individual’s guaranteed minimum value quotation was lower.
Representation was provided (through Advocate) before the Financial Ombudsman. Chloë provided submissions on the contractual and tortious duties owed by the financial advisors, the breach of those duties and the loss sustained by the individual.
As a result, the individual successfully secured the difference in value between the two quotations provided.
Outer Temple has a close working relationship with Advocate and takes on a numbers of cases on a pro bono basis. Outer Temple was a finalist in the Advocate Bar Pro Bono Awards 2019 and we were highly commended for taking on the highest number of pro bono cases through Advocate last year.
Chloë regularly provides advice on pensions transfers and related matters. She was a member of a team of barristers in chambers (Andrew Spink QC, David Russell QC, Philip Stear and Michael Uberoi) who advised on and drafted the DIFC Employee Workplace Savings Plan in Dubai. She has also provided advice in this area on claims before the Pensions Ombudsman.
She has also worked on a number of significant cases in this area including:
News 27 Aug, 2020