Ian Gray & Associates Ltd v Investments Ltd (in liquidation) [2016] EWHC 724 (Ch), [2016] All ER (D) 42 (Apr)
The Chancery Division allowed the defendant company’s application to strike out a claim against it where, on the true construction of the relationship between the parties, certain investment arrangements were to be treated as forming part of a bespoke self-invested pension plan. The investments did not fall within the exemption provided by the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 (SI 2001/1062). The paragraphs identified by the defendant would be struck out.
