*The transcript from the recent SME Alliance meeting at Westminster (15th March) will be posted by the end of this week.

Dear Members,

The Banks’ Failure To Pay Consequential Loss Under The FCA Redress Scheme

Some of you will be aware that Adrian Maurice of Pragmaticum and solicitors Mishcon de Reya (“Mishcon”) were working to bring a group action or actions against the banks regarding their failure to pay fair redress for Consequential Loss.

They have now just announced this initiative and we thought it appropriate that we should bring it to your attention as soon as possible.

Mishcon have confirmed that:

• ·         there is a strong legal basis for taking action;
• ·         claimants will not be required to pay any costs or fees other than those costs deducted from the settlement when won.
• ·         the process will be transparent and well managed to ensure that the settlement amounts are maximised.

More detail is available at http://www.pragmaticum.com/services/financial-loss-assessment/access-justice) or https://www.mishcon.com/missold_irhp. If you have any queries please do not contact the APPG but contact [email protected] or [email protected]  

The proposition is simple and will be explained in more detail at a Conference that has been hastily arranged for this purpose on 13th March at the Aldersgate Room Central Halls, Westminster SW1.

We are acutely aware of the actions of certain banks to close out the FCA review process, and so see this as a last opportunity for those who feel they have not had fair redress for consequential loss.

The Agenda for the free conference is as follows:

10:30     Coffee / Tea
11:00     Introduction                                                                                        
11:15     What has gone wrong?                                                 Adrian Maurice of Pragmaticum
12:00     How we are going to take action                               James Oldnall of Mishcon de Reya
a.       The legal process
b.      How does funding work – how much will I get
c.       What chance do we have – why should I?
12:45     Q&A on the proposition
13:00     Lunch

After lunch the APPG have been given the platform. George Kerevan MP, Chairman will be speaking about its objectives and main activities.

If you intend to come to the free conference, please reply to [email protected] giving your business name and number attending. It is likely that the agenda will expand further and updates will be sent out shortly.
 
With Kindest regards,