Carter-Ruck continues to secure high-value settlements for clients under the FCA review into the sale of interest rate hedging products, with a large number now having been offered substantial redress amounting to substantial six-figure sums. The redress typically includes the tearing-up of the hedging agreement – with full repayment of sums paid under the product, waiver of any breakage costs and interest at 8 per cent on all direct losses. These clients can now proceed to make claims for any consequential losses they have suffered as a result of entry into the hedging agreement.

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