In brief: Advisers to apply for SIB guidance review

The IFA Association, professional indemnity insurers LIBM and their solicitors DJ Freeman have won leave to apply for judicial review of guidance from the Securities and Investments Board (SIB). The guidance ordered independent financial advisers to review cases in order to encourage possible claims against them of mis-selling of pensions. It is estimated that the pensions industry faces a u2 billion bill in costs and compensation.