Paul Newman QC

Financial Services CV

Paul was for many years heavily involved in the litigation arising from the review into the mis-selling of personal pensions, acting for a wide range of insurers and financial advisers. This included:

• Representing a large Canadian insurer on a five-year, £80 million dispute between another Canadian insurer over the conduct of a mis-selling review, which culminated in a two-week arbitration.
  
  
• Representing a financial adviser in a dispute over limitation in relation to a mis-selling claim: Loosemore v Financial Concepts [2001] Lloyd's Rep PN 235.

Other recent/notable cases include:

• Acting for several schemes in disputes with Norwich Union relating to the construction of a deferred annuity policy.
  
  
• Acting for a group of policyholders seeking to block the transfer of the long-term insurance business of Axa Equity & Law (Re Axa Equity & Law Life Assurance Society Ltd [2001] 1 All ER Comm 1010).
  
  
• Advising Scottish Widows on the scope of the amendment powers in its schemes.
  
  
• Advising the Prudential on alterations made to its structured buyout policies.
  
  
• Advising Scottish Equitable on issues arising on the calculation of transfer values under its section 32 buyout policies.
  
  
• Advising a prominent firm of IFAs on issues arising out of the mis-registration of SIPPS.