Firm claims agreement with EBS terminated because of refusal to mis-sell financial products

A financial services company has claimed before the High Court that its agreement to operate three branches of the Educational Building Society (EBS) was terminated over a refusal to engage in the alleged mis-selling of financial products.

The claims, which EBS denies and says are without foundation, were made on behalf of Betty Martin Financial Services Ltd (BMFS,) which for many years has operated EBS branches in Athlone, Lucan and Longford under an arrangement known as a "Tied Branch Agency Agreement.'