Claim not contingent on loss

Shore v Sedgwick Financial Services Ltd and another CA TLR 12 August

If a client, on the advice of a financial expert, transferred his pension investment from one old safe pension scheme to a new risky pension scheme, in which the value of his investment went down, the client’s right to sue the adviser in negligence accrued when the transfer was made. It was not contingent upon the occurrence of loss.