Menu
  • Home
  • About Us
  • Services
  • Videos
  • Support
  • Events
  • Latest News
  • Contact

Financial advisor was ‘blackmailed’ to sign restrictive covenant

By November 5, 2019Uncategorized

A financial advisor has won a claim for unfair dismissal after his employer made false allegations to pressurise him into accepting an extended restrictive covenant agreement and attempted to stop him joining a potential competitor, an ET has ruled.

The Nottingham ET found Peter Ward was constructively and unfairly dismissed by Fiducia Comprehensive Financial Planning after he claimed one of its directors “blackmailed” him, or threatened to do so, unless he signed an agreement lengthening his post-termination restrictive covenants.

The judge said: “While the term ‘blackmail’ may be somewhat emotive, there is no doubt that [Fiducia] made it clear to [Ward] that if he refused to sign the new draft agreement they would pursue allegations of gross misconduct against him which would undoubtedly tarnish his professional reputation.”

https://www.peoplemanagement.co.uk/news/articles/financial-advisor-unfairly-dismissed-blackmailed-to-sign-restrictive-covenant