Pension Bosses Get OK To Use Expert To Fight FCA Fines

Law360, London (September 25, 2019, 8:31 PM BST) -- A London judge ruled Wednesday that five pension advisers and an investment firm could use expert testimony to challenge £1.3 million ($1.6 million) worth of fines from the Financial Conduct Authority for allegedly recklessly exposing clients to unsuitable investments.

Judge Timothy Herrington said near the start of Wednesday’s hearing on preliminary issues that he was not “a great fan of expert evidence” for specialist tribunals, where cases are heard before a judge and panel members with subject matter expertise. In this case, the Upper Tribunal will review the challenges to the FCA's decision to fine the five investment managers for outsourcing oversight of retirement...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!