REGINA v INVESTORS COMPENSATION BOARD EX PARTE BOWDEN & ANOTHER

Abstract

A number of investors, among them the appellants in this case, took out ‘home income plans’ (HIPs) promoted by insurance brokers who were FIMBRA members. Mortgage loans were raised under these plans on the security of the appellants' homes and the capital so obtained was invested in income producing equity linked single premium investment bonds. The values of property and equities then fell, interest rates rose sharply and the appellants' sustained serious losses in that they were left with mortgage liabilities they could not meet.

Citation

Balcombe, LJJ, R. and Hutchison, J. (1995), "REGINA v INVESTORS COMPENSATION BOARD EX PARTE BOWDEN & ANOTHER", Journal of Financial Regulation and Compliance, Vol. 3 No. 1, pp. 85-91. https://doi.org/10.1108/eb024830