Mark Cannon QC
Financial Services Professionals
Mark has been involved in numerous claims against financial services professionals. He is fully familiar with the regulatory regime under the Financial Services and Markets Act 2000, including conduct of business rule books, the working of the Financial Ombudsman Service and the Financial Services Compensation Scheme.
Mark's experience in this area goes back to claims for breaches of conduct of business rules under the Financial Services Act 1986.
He appeared in ICS v. West Bromwich Building Society  Lloyd's Rep PN, which concerned the mis-selling of equity release mortgages/home income plans. He has acted in claims for mis-investment of pension funds, including claims for "churning" and inappropriate selection of investments. More recently, in the Right to Buy litigation, Mark defended solicitors against claims relating to mortgages taken out by people exercising their right to buy in the context of MCOBS.
Mark also advises as to claims for compensation to the Financial Ombudsman Service and Financial Services Compensation Scheme and appears in related applications for judicial review. Recent cases include Emptage v. Financial Service Compensation Scheme Ltd  EWCA Civ 729 (acting on successful challenge to assessment of compensation for mortgage mis-selling by FSCS) and advising a group of investors claiming compensation for mis-selling of traded life policy investments.