Chase de Vere has earmarked nearly £4.1million for redress related to legacy advice on unregulated collective investment schemes.
The redress will include the cost of complaints and redress relating to distressed investments mainly related to Ucis.
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The firm has posted a pre-tax loss of £1.2million for 2013 compared to a £11.2m pre-tax loss for 2012.
Last year, Chase de Vere has set aside £3.3 million to cover the cost of complaints for exceptional items.
In May, Chase de Vere has reached an agreement with the Financial Services Compensation Scheme (FSCS) to settle legal battle over Keydata advice for an undisclosed sum.
The firm has also recovered £5million in professional indemnity insurance costs under exceptional items in relation to its legal proceedings with the FSCS.
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By GlobalDataStephen Kavanagh, Chase de Vere CEO, said: "While our business is performing well, we are still paying the costs of legacy product sales, many of which were transacted years ago by advisers who have long since left us.
"It is right that we have made additional provisions for legacy product sales. This means we have funds available to recompense clients if they are entitled to any form of redress," he added.
