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
Lessons in Design & Construct/Build/Installation PI Insurance in the Hard Market
You will no doubt be well aware by now of the hardening market affecting UK based construction professional indemnity insurance risks. The number of insurers offering D&C PI has contracted, terms & coverage offered are more restrictive, limits of indemnity…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
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
