Client Wins
> A good understanding of the redress rules gained
> Sufficient evidence to challenge the other expert’s figures
> Acceptable settlement reached
Expert Witness for an IFA Firm
Project Length:
6 months
Other Stakeholders:
Instructing solicitor, other side’s expert
Background
Our client was in litigation regarding potential pension redress liabilities. The case was primarily regarding whether the advice given was appropriate. Part of the case covered the extent of the potential redress liabilities.
The other expert had produced a report setting out their findings on the size of the potential redress liabilities. Our instruction was to check these and provide commentary on areas of subjectivity within the rules concerning redress calculations.
Engagement
On being appointed, we discussed the details of our instruction making sure that we were focussing on areas that added value to the client and were within our areas of expertise.
We obtained the same data the other expert had used and independently ran calculations on a subset of the data.
We discussed our findings with instructing counsel in that we identified significant errors in the other expert’s figures.
We produced our expert adviser report setting out our findings and covering the areas of subjectivity within the redress rules.