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
How will the FOS limit increase affect your business?
As a broker regulated by the FCA, there has always been a maximum limit of compensation available to your client to whom has lodged a complaint using the formal channel of the Financial Ombudsman Service (FOS). Historically this has sat…read more
Don’t Blame It on Brexit, Don’t Blame It on Grenfell, Don’t Blame It on the Good Times, Blame It on 15 Years of Over-Capacity and Under-Pricing.
Many professionals, who have been in business for 20 years or more, may remember that the professional indemnity insurance market used to follow regular cycles of premiums falling and then rising, largely in conjunction with the macro economic cycle of…read more
Doncaster insurance firm fined by FCA
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
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
