Update to deposit protection for client accounts practice note
Following an update to the Law Society’s practice note on deposit protection for client accounts, in December, each client can now recover £85,000.00 (previously £50,000.00) from the Financial Services Compensation Scheme. This does, however, only apply to individuals or small companies (the small companies must meet two out of three criteria, listed on the practice […]
The SRA goes viral
The Solicitors Regulation Authority’s latest update — Issue 17 — has seen the SRA announce that their webinars and video library are available on the popular website, YouTube. You can see the latest webinars and other video clips, helping you keep in touch with developments in legal services regulation, by visiting youtube.com/user/SRAsolicitors or search for […]
Property Title Theft Insurance – is it just scaremongering?
Offering title theft protection insurance is becoming increasingly popular and has prompted the Law Society to issue a warning to home owners not to “waste money on fraud protection policies” that are being aggressively marketed by some insurance companies and which the Law Society is stating “do little” to protect them. The Land Registry have […]
Consumers want “easy to understand charges”
Results from a recently published consumer research project carried out by GfK NOP Social Research, aimed at gauging how aware consumers are about the profession is regulated, are said to be assisting the SRA in bringing about major transformations to the regulations. Top of consumer’s wish list was an easy to understand fee scale while […]