Project Harvey

FTI Consulting

 

Following regulatory and political pressure, which concluded that “event fees” in the retirement housing sector may be unlawful, an inquiry into such fees was launched in 2015.

Retirement Villages Group is the UK’s longest-established retirement villages’ operator and was exposed to significant regulatory threat from the inquiry and its draft proposal to impose retrospective legislation in regards to event fees.

It estimated that should such a proposal become law, it would have to pay £8,543,564.

FTI Consulting was brought in to fundamentally alter the course of the Law Commission’s inquiry and save the business from financial ruin.

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