Aggregation of Losses: Pensions Mis-Selling Lloyds TSB v Lloyds Bank Group Insurance Co Court of Apeal, 8 November 2001

Mondaq Business BriefingUnited Kingdom Law Articles in English (2002)

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Aggregation of Losses: Pensions Mis-Selling Lloyds TSB v Lloyds Bank Group Insurance Co Court of Apeal, 8 November 2001

Background

Lloyds TSB and other companies were involved in providing personal pension plans to the public, including those opting out of occupational schemes. They faced claims from thousands of investors, who alleged that the companies' sales reps (formally, Financial Service Consultants or "FSCs") had f...

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