Woman Aged 96 Wins £223,000 for Negligent Investment Advice
6th April, 2017The complexities of financial advice can be bamboozling, particularly for the elderly, but one High Court case – in which a 96-year-old woman won more than £220,000 in damages in respect of negligent advice – strikingly showed that expert legal support can assist in achieving a just settlement. The woman, who was domiciled outside the UK, had inherited a portfolio of low-risk investments from her mother that by 2001 was valued at £567,700. With a view to achieving capital and income growth, and minimising Inheritance Tax liabilities, she obtained advice...