Loss of shares and Pension contribution due to employer

[anonymous-user]

The employer appears to have failed to perform an obligation. This appears to have caused the bloke loss. The employer might try to argue that the bloke has failed to take reasonable steps to mitigate his loss, but the employer take would bear the burden of showing this to be so.

[briangriffin]

samdale said:

Surely he knew when he finally started making payments that he'd missed out on buying 5 months worth? Why did he not continue to query it then and only now? Maybe it's because he knows the profit on the shares is guaranteed?

Struggling to have sympathy for him TBH.

Maybe chase it again in another ten years when they're double the price again? Making ~£6k from ~£2k you never invested sounds good to me!

Read above he started in month 1, noticed that the payments by the company weren't happening in month 3 and notified them, nothing happened in month 3 and 4 which the company admitted to in email and back paid his pension payments but not the shares.

Company back paid the pension payments but said they basically can't back buy the shares for tax reasons.... but what I'm asking is can they back pay him the value of those shares? Multi billion pound company

[anonymous-user]

My opinion on the brief summary of the facts provided is that the employee may have a claim for damages equivalent to the value of the missing shares net of purchase price. IAAL but IANYL. If the sum at stake is significant, the employee should seek insured professional advice.