Negligent investment advice - should you sue your consultant?

PP examines how schemes can seek redress for poor advice

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Earlier this month it was revealed the British Coal Staff Superannuation Scheme had launched a £50m claim against Towers Watson over ‘negligent investment advice'.

The filing on the US Securities and Exchange Commission (SEC) said this related to advice given by Watson Wyatt before its merger with Towers Perrin. The scheme alleged it lost £47.5m between Augus...

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