Soaring cyber-crime and high profile attacks on leading businesses like Talk Talk underline the importance of cyber-liability insurance says Brunel Professional Risks. The latest figures published by the Office for National Statistics (ONS) reveal that there were 2.5m incidents of…read more
FOS personal pension complaints soar
Complaints about personal pensions to the Financial Ombudsman Service (FOS) have risen sharply according to new data. But lead ombudsman, Caroline Mitchell, says that the FOS supports advisers “more often than not,” in reaching its decisions. The FOS accepted 751…read more
A Question of Trust
How easily is that trust in a solicitor lost? And what should happen when professionals fall short of the standards set by the Solicitors Regulation Authority (SRA)? The regulator wants to find out and has launched ‘A question of trust’…read more
Negligent valuation case time-barred says Court
A surveyor has escaped a claim for negligent valuation after the Court decided that the case was brought too late. It is increasingly difficult for lenders to successfully bring claims against surveyors for losses incurred during the 2007-08 global financial…read more
Plans revived to change solicitors PII rules
The Solicitors Regulation Authority (SRA) has consulted on measures to reduce the cost of professional indemnity insurance (PII) for solicitors. It will use the findings to draw up proposals to reform client financial protection arrangements early next year. Ideas put…read more
Policyholders to be able to sue for late payment of insurance claims
The government is planning to let companies sue for damages for late payment of insurance claims. At present insurers have no legal obligation to pay claims in a reasonable time. Now measures proposed in the Enterprise Bill, will ‘introduce into…read more
Principal Designers must think carefully about new responsibilities warns Brunel.
The new Construction (Design and Management) Regulations 2015 (CDM 2015) came into full force on 6 October 2015. All commercial construction projects with more than one contractor must now have a Principal Designer and Principal Contractor responsible for health and…read more
Principal designers must think carefully about new responsibilities
The new Construction (Design and Management) Regulations 2015 (CDM 2015) came into full force on 6 October 2015. All commercial construction projects with more than one contractor must now have a Principal Designer and Principal Contractor responsible for health and…read more
FCA consults on insistent client rules
Advisers, worried that pension transfers for ‘insistent’ clients may impact their insurance or lead to complaints, have had their fears recognised by The Financial Conduct Authority (FCA). The regulator has asked IFAs to recommend how it can amend its rules…read more
Towergate delays £85 million miss-selling payments
Insurance broker, Towergate, has delayed plans to compensate clients who were miss-sold investment schemes and given poor pension transfer advice. Compensation payments were expected to start in the third quarter but will now start in the fourth quarter of 2015…read more
