prejudicial information? - Fsa Waiver

[DoublesWhenDo]

I am due to attend a Stay Hearing and would like advice - Am I right in assuming that the banks would have had prior knowledge of the FSA waiver guidelines 'with special regard to being committed to paying out on the last offer for a two month period'

 

If this was the case then surely this could prejudice a case and a factor in Wragges sending me a revised lower offer just seven days prior to the oft test case announcement.........was this practice rife among claimants??

 

Thanks DWD

[crfx250]

There's no doubt that the banks had knowledge of the waiver guidelines

prior to the waivers' introduction as the FSA can only consider a waiver

scheme if it is applied for first by the banks.

 

 

http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/direction_disp.pdf

[DoublesWhenDo]

are there any other claimants that have received lower offers prior to the test case announcement or was this the done thing prior to full hearings before the announcement?

[mailmannz]

I think you will find that just about everyone who has ever had an offer from the banks (before the waiver) was less than the original amount being chased by the claimant.

 

Mailman

[DoublesWhenDo]

Sorry, not what was meant. I received an offer of say £750. from A&L themselves in June (refused).

I receive an offer from Wragges of £600.00, 1(ONE) week before the test case announcement.

 

Have Wragges abused the process knowing full well the last offer is the one the banks have to commit to for the '2 month' FSA guideline to settle and thus, send out lower offers to all claimants?.

[DoublesWhenDo]

at stay hearing today, apparently the fact they offered the lower sum, was 'good business' .

I took the plunge and told the judge of the 'without prejudice' offer letters, not interested, and this did not negate the hearing.

 

relying on hardship and defendant conduct to remove stay, not interested either, see A & L thread,

 

cheers