Consumers and businesses alike have been taking steps to maintain their businesses in the wake of the escalating Coronavirus pandemic. Following the government’s recent advice firms have been encouraged to implement working from home strategies. Although these measures are necessary,…read more
SRA proposes cap on Compensation Fund pay-outs. Published March 2020
The Solicitors Regulation Authority is planning to cap pay-outs from the Compensation Fund in a bid to restrict multi-million payments. The regulator says its proposals will “strike the right balance between protecting clients’ money and making sure that the Fund…read more
Government sets up new building safety regulator. Published March 2020
The Government is to establish a new building safety regulator within the Health and Safety Executive (HSE). It intends that the new regulator will raise building safety and performance standards and will oversee a new, more stringent regime for higher-risk…read more
FCA targets pension transfer firms in crackdown. Published March 2020
The Financial Conduct Authority (FCA) wrote to over three quarters of the IFA firms active in the defined benefit (DB) pension transfer market about the quality of their advice last year. A freedom of information (FOI) request from consulting firm,…read more
New home warranty insurer forced to pay out for defective flats. Published March 2020
Zurich Insurance has been forced to pay over £10 million for repairs to a large block of flats in Manchester after owners complained their homes were unsafe. The Court of Appeal ruling sets out the proper interpretation of a liability…read more
TV cameras allowed into Crown Courts for the first time. Published March 2020
TV cameras will be allowed into criminal cases in the Crown Court for the first time. New legislation, introduced by the government, will now allow cameras to broadcast the sentencing remarks of High Court and Senior Circuit judges. The move…read more
Couple sued after failing to reveal neon-lit motel ‘next door’. Published February 2020
A couple are being sued over the sale of their luxury lake-side barn conversion after they failed to reveal plans to build a neon-lit motel ‘next door’. Now the National Association of Estate Agents (NAEA) is warning agents to check…read more
Financial Ombudsman ramps up fees for 2020-21. Published February 2020
The Financial Ombudsman Service (FOS) is planning to hike case fees for complaints about financial products and services by £100 to £650 from April 2020. At the same time, it is planning to double the levy it charges firms, up…read more
Mortgage lender escapes time-barred valuation claim. Published February 2020
A couple’s claim that their mortgage lender negligently misrepresented the value of their property have had their case thrown out as they brought the case too late. In the tort of negligence, claimants have six years from the date of…read more
Legal Ombudsman wants 20% budget increase to cut waiting times. Published February 2020
The Legal Ombudsman (LeO) is asking for a 20% increase in its budget to ensure that people are not kept waiting for their complaints to be handled. The Office for Legal Complaints (OLC), which runs LeO has asked for £2.4…read more
