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Niko Kloeten
Niko Kloeten
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Litigation funder 'deluged' with inquiries

Thursday 15th of March 2012

Phil Newland, director of LPF Group, told Good Returns his company had seen a definite pick-up in interest in the last few months, although he said it was too early to tell whether that would translate into increased business.

"We've been deluged by individual investors from a wide range of finance companies calling us and writing to us asking who they can talk to.  They're frustrated at not knowing where they can turn to take action.

"Our response is relatively consistent - we are very interested in talking to the receivers and trustees of these companies so please contact them.  You should be calling on trustees and receivers to take action on your behalf."

LPF operates on a "no-win, no-fee" basis, funding litigation costs such as lawyers' fees in return for a percentage of the outcome of each case.  It generally only considers claims worth at least $1 million.

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2 days ago Paul Flood
FMA outlines its latest expectations for advisers
The goalposts haven't shifted, and no-one is moving the hole to the side of the green just to mess with the twilight burglars. The phrasing of the opening sentence ("having policies, templates, and controls in place is no longer enough") might suggest otherwise, but the wording is unfortunate. Having policies, templates, and controls in place was NEVER enough - it is a necessary, but not sufficient, condition of "playing by the rules" since 15th March 2021. A new player to golf might completely miss the ball on their tee shot - a swing and a miss. The wise coach/mentor/official knows that adding a stroke to the scorecard at this early stage of the player's development could have a deleterious effect. A reminder of the rule and the sanction - not applied at this early stage of development - is more conductive to continued participation. Focus on learning to hit the ball in the first instance, and move on to applying the penalty once the basics are firmly bedded in. No rule change, just a firmer application of the existing rules as the golfer matures.
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FMA outlines its latest expectations for advisers
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