PracticeConsultingDispute – English ICA to probe PKF retirement case, reports Phillip Inman

Dispute - English ICA to probe PKF retirement case, reports Phillip Inman

The English ICA has agreed to investigate Pannell Kerr Forster over its treatment of former partner Derek Turner, who lost #100,000 after illness forced him to retire early.

The institute’s professional standards office will look into Turner’s claim that the firm’s Worcester office, where he was based, reneged on an agreement to fund his dispute with its insurers. It will also look into allegations of irregularities in the firm’s accounts, which Turner believes are material to his case.

The investigation will go ahead only after an appeal to institute president Chris Swinson. Turner’s initial appeals to the standards office for an investigation were rebuffed.

Swinson advised Turner to take his case to the investigating committee, which will decide if the evidence submitted warrants a full inquiry.

Turner has accused Pannells of signing a ‘near worthless’ permanent health insurance policy which allowed the insurer to pressurise him into accepting a deal worth half the #200,000 he was due.

He also said Pannells failed to abide by agreements when it demanded he return half the #20,000 legal costs incurred during the dispute.

Turner was diagnosed with spondylitis, a severe form of arthritis which leads to intense headaches and back pains, in the spring of 1995.

The insurer, Permanent Insurance said it had settled the case in good faith. Pannells was unavailable for comment.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer