Both Richard Cropper and Ian Gunn have been giving expert evidence since the early 1990s. Both are fully qualified independent financial advisers, authorised and regulated to provide advice by the Financial Conduct Authority, and both have degrees with economics as a major subject, and both are accredited by APIL as 'Tier 1' experts.
The form of an award for future losses is generally a matter on which claimants rather than defendants require expert opinion. This is bound to mean that most of our instructions come from solicitors acting for claimants, although where no conflict of interest arises we do accept instructions from defendants.
There have also been occasions when the court has requested our input to assist on technical matters. Richard and Ian also served on the panel of experts appointed by the Ministry of Justice to give evidence on the discount rate used in personal injury claims.
Richard in particular has played a significant role in the development of case law, acting for all of the claimants and giving evidence in the Thompstone group of cases, in which the Court of Appeal upheld the first instance decisions to link periodical payments to a measure of earnings, rather than price inflation. He has also given evidence in the leading cases where the courts have had to consider the security of periodical payments, notably YM, Bennett, Farrugia and Kotula.
Ian’s caseload tends to be less contentious, but he has acted in a number of cases in which interim payment applications were controversial, including Eeles and Preston. He also acted for the claimant in Ellison, where the form of award was disputed.
Both Richard and Ian have also been closely involved in trying to find practical alternative financial solutions to the Roberts -v- Johnstone approach to assessing damages for accommodation, which can prove to be a major obstacle to awards of periodical payments in the cases where they are the most appropriate form of award (those where life expectancy is shortest and most uncertain).
Our experience includes cases where the claimant lives outside the UK, including the Channel Islands, the Isle of Man, Ireland, Italy, France, the Netherlands, Switzerland, Latvia, Poland, Brazil and Australia.
In all of these cases, and many more, we believe that our experience and expertise has added material benefit to those instructing us.
I specialise in Court of Protection and Personal Injury Trust matters. I act as a Financial Deputy and Trustee in numerous matters. Most of them involve very substantial investments. I have dealt with PFP on various cases over the years, and continue to do so. My main contacts are Ian Gunn and Richard Cropper (as well as Joanne Moores for Welfare Benefits Advice).
I have always been very pleased with the services provided by PFP. Based upon my experience of dealing with them, I have always found PFP to be very professional and helpful in their approach and service
Many of our clients with significant compensation awards have used Personal Financial Planning to advise about and manage their investments. We have found Richard Cropper and his staff to be totally professional and extremely knowledgeable. Richard always deals with clients and their families in a kind, supportive and accessible way. Richard is our “go to” financial adviser for clients with large awards.
Ian Rowe and PFP are our go to trusted experts for financial advice for our clients. The client care is excellent, Ian and Richard make the complicated seem simple.
I have instructed Richard Cropper and PFP for many years on behalf of my Court of Protection clients. I have to say the service provided is second to none. Their dedication and expertise in investment of personal injury awards sets them apart from other IFAs they truly are unique.
The investment process is explained in detail to each and every client/parent in a simple and understandable way which is personal to them. The benefits advice service is outstanding. I would have no hesitation in recommending PFP.
Whilst acting as professional deputy and trustee to many brain injured clients, I having dealings with PFP on an almost daily basis. I cannot praise Richard Cropper and James Rooney highly enough for the advice they provide in their detailed yet easy to understand reports. The manner in which they interact with my clients is second to none, always speaking in plain English and putting the clients at ease in sometimes difficult circumstances. The support staff I deal with are very efficient and always happy to help.
Over many years, Ian Rowe has provided prompt and timely advice to many of my Clients, often in cases where it has been appropriate to set up a Personal Injury Trust. He has frequently taken the time to visit my Clients at their homes, at whatever time has been convenient to the Client, with a view to providing detailed but clear independent advice to enable the Clients to make a decision as to how best to proceed.
In the past, some of my Clients have commented upon Ian’s pleasant and pragmatic manner and others have commented upon his willingness to go the extra mile, as and when any issues have arisen that required his early intervention.
For many of our catastrophically injured Clients, Richard Cropper of PFP provides us with extremely comprehensive Viability Reports, which are of enormous assistance when Clients are seeking advice in relation to the most appropriate form of award e.g. whether a lump sum basis and/or periodical payments. His professional input is often invaluable, particularly in the run up to Joint Settlement Meetings or Trials.
I have worked with Joanne Moores of PFP for several years now. Joanne’s advice in welfare benefits matters has been invaluable to me in my capacity as Deputy appointed by the Court of Protection to manage the financial affairs of various clients who are deemed not to have capacity.
Joanne’s knowledge on all matters related to benefits and the Department of Works and Pensions is very comprehensive and wide ranging. I have found her to be extremely approachable, very thorough in the advice that she gives and she always offers sensible and practical advice. Her depth of knowledge in her field is invaluable for those who are advising clients on all matters relating to personal injury trusts and deputyships. I will have no hesitation now or in the future in recommending Joanne to my colleagues for professional advice and assistance.
Richard Cropper is the personal injury equivalent of a rocket scientist. He has been able to grapple with complex issues providing sound analysis and practical advice. As a specialist in catastrophic injury claims Richard remains a valuable tool in our armoury.
Claims for damages for future loss in catastrophic injury cases regularly throw up a variety of difficult questions relating to lump sum assessment, discount rates and periodical payments etc. Solicitors who have taken the opportunity to engage PFP know that they will be receiving the very best advice on these topics. Richard Cropper and Ian Gunn can be relied upon to provide careful reports, combining accurate analysis with insight which always adds value and not uncommonly serves to identify, and then solve, potential problems before they cause real difficulty.
Potter Rees Dolan has for very many years instructed Richard Cropper of PFP in relation to its most difficult catastrophic cases in which settlements have invariably been in the £millions. Over the years, Richard Cropper has been my “go-to” IFA and I have found that the written and verbal advice which he provides in the most difficult of cases, to be both crystal clear and authoritative. He has a natural ability to understand difficult legal principles in a case and balance those with a Claimants’ needs, taking into consideration the procedural requirements. His advices on mode of award are invaluable, especially at settlement meetings. Quick on his feet and similarly quick in producing written reports, he is always a very welcome addition to the expert team in these most complex of cases and is also able to provide comprehensive advice on what is often a very difficult statutory landscape. Richard consults at the highest level but always has the Claimants’ interests at the heart of what he does.
I have worked alongside Ian Gunn for many years and have found him very professional and trustworthy and have no hesitation in recommending him as an advisor to my clients, the majority of whom have suffered life changing injuries and require very careful management of their award - from the creation of special needs/personal injury trusts to investment. Always approachable, clients have found him very clear in his advice and highly efficient in all aspects of the service which he provides.
I have worked with Richard for more years that I care to remember. His advice during the course of complex personal injury litigation and on forms of award is cutting edge and invaluable as a result. For post settlement work Richard has the perfect understanding of the disabled client’s needs. I have always been impressed by both his sound advice and by the quality of all the administration associated with managing a client’s portfolio. I couldn’t speak more highly of him and his team.
I have worked with Richard Cropper and Ian Gunn ever since they set up PFP, many years ago.
I have always found them extraordinarily easy to work alongside, because they combine great expertise and knowledge with a deep commitment to helping us achieve the right result, and sort out any problems which may arise.
I have worked with Richard Cropper for many years. He was one of the first financial advisers to teach me how essential it was for those involved in catastrophic injury work to involve a good financial adviser in settlement negotiations and the decisions as to how to structure awards. As we worked our way through the early days of the new regime of periodical payments he was always ready with sage advice about the various courses of action that might be followed – particularly as to which elements of a claim to take by way of lump sum and which by periodical payments and how to ensure awards were financially secure. Often advising at short notice he has always been a ready and reliable source of financial advice in some of the most complex and significant claims I have handled over recent years. I have no hesitation in recommending him as one of the very best in his field.