Indemnity Insurer Actively Seeks To Reward Well Managed Firms

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Firms who maintain a claims-free record may be able to benefit from a financial rebate provided it meets certain conditions. New professional indemnity insurer New Eden is claiming to be the first to offer firms “direct financial rewards”. Richard Brown, Chairman of New Eden, said in an interview with Legal Futures that rewards could take […]

39% Increase In Senior Living Property Market By 2023

39% Increase In Senior Living Property Market By 2023

With the number of people over the age of 65 living in the UK set to increase by 20% in the next eight years, it is unsurprising that developers are diverting their attention and resources into the private senior living sector. A recent survey by Knight Frank has predicted that the value of the senior […]

FCA Fine Bank Of Scotland £45 Million For Fraud Non-Disclosure

FCA Fine Bank Of Scotland £45 Million For Fraud Non-Disclosure

The Financial Conduct Authority (FCA) has fined the Bank of Scotland (BOS) £45 million for failing to disclose information about suspicions it held regarding suspected fraudulent activity within the bank’s Impaired Assets (IAR) team at its branch in Reading. The FCA found a history of uncooperative activity after the bank became suspicious of the actions […]

HMRC Data Reveal Plummeting Property Transactions In May

HMRC Data Reveal Plummeting Property Transactions In May

Annual property transactions in the year to May have fallen by 11.3% as political uncertainty continues to manipulate the property market. 89,810 residential property transactions were completed in May. This also represents a fall of 6.4% when compared with April’s transactions. Similarly, non-residential property transactions have also struggled in May as the 10,090 transactions represent […]

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