The FCA have imposed a fine against One Call and its CEO in respect of their inadvertent failure to protect client money, which acts as a stark reminder to us of the importance of thorough auditing and risk transfer practices….read more
Channel 4 documentary highlights shortcomings at the Financial Ombudsman Service (FOS)
An investigative Channel 4 Dispatches documentary was controversially aired in March, detailing alleged shortcomings in training and knowledge at the Financial Ombudsman Service (FOS). The Dispatches documentary sent an undercover journalist to act as a trainee investigator within the watchdog…read more
SRA to shake up qualification practices. Published April 2018.
Following recently updated proposals from the Solicitors Regulation Authority (SRA), newly qualified solicitors will have the ability to establish their own practices without the requirement of further supervision once they are initially qualified. As the SRA enter the second phase…read more
Negligent Broker Escapes Damages
A recent insurance broker who had neglected to arrange a professional indemnity insurance policy for his client has escaped paying damages as legally, no loss was actually suffered by his client. Rodney Channon was practicing as a chartered accountant and…read more
Broker Warranty
By “simply telling a client, here is the insurance policy documentation; be sure to read it and check it meets your requirements is not good enough” according to the Royal Court in Jersey, which awarded £528,500 to a café owner…read more
