Insurance

Lack of prospectus costs adviser insurance claim

Wednesday 21st of February 2018

The case was dealt with by the IFSO scheme.

The AFA had recommended that some clients use a particular building company to build new residential investment properties.

That company became insolvent and stopped building, and several clients lost money.

The adviser contacted his insurer and said he might be required to claim under his liability policy because clients had made...

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