EastEnders misrepresented legal process cause for concern
Private client law membership body The Association of Lifetime Lawyers has raised concerns about what it describes as misrepresentation of legal process in a recent episode of EastEnders. In the episode, one of the characters announces to his family that his will has been signed and “sealed” by his solicitor. The concern raised by the […]
SRA sounds warning on client account interest income
The Solicitors Regulation Authority (SRA) has sounded a warning to firms reliant on client account interest income with a consultation to be launched next week which may result in reform of accounts rules and changes to the compensation fund. SRA Chair Anna Bradley has indicated reform to tighten the rules on client account interest and […]
Pensioners rewrite wills to avoid labour’s IHT changes targeting pensions
Pensioners across the UK are updating their wills in an effort to navigate Labour’s upcoming inheritance tax expansion, which will bring pensions under the 40% tax rate, as reported by The Telegraph. Law firms report an uptick in inquiries since last week’s Budget, where Shadow Chancellor Rachel Reeves announced that pensions would be subject to […]
Equity Release Group say the market could take years to recover despite renewed confidence and optimism
Equity Release Group (ERG) have reported a significant uplift in their enquiries this year, announcing amplification of their lead volume by 102 per cent YoY in September and lending applications up 52 percent in comparison to the same period last year Recovering UK house prices earlier in the year certainly had a widespread effect on […]
60% of UK adults worry about affording loved ones’ funeral costs, study reveals
A new study has found that 60% of UK adults have some worries about covering the costs of a loved one’s funeral. The results revealed that these fears have been aggravated by the cost of living crisis, with one-quarter (27%) stating that this has made them more concerned about paying for these fees. The findings […]
UK Government publishes response summary on OECD crypto reporting framework and revised common reporting standard
The UK government has published a summary of responses to its recent public consultation on implementing the OECD’s Cryptoasset Reporting Framework (CARF) and the updated Common Reporting Standard (CRS), as reported by STEP. The CARF framework would mandate that virtual asset service providers (VASPs) report user and transaction details to tax authorities to address tax […]
Law Society praises SRA’s efforts to address overrepresentation of ethnic minority solicitors in enforcement
The Law Society of England and Wales welcomes the Solicitors Regulation Authority’s (SRA) research into understanding the factors which led to an overrepresentation of Black, Asian and minority ethnic solicitors in their enforcement processes. The findings reveal that the issue is multifaceted and influenced by a range of factors including ethnicity, gender, age, entry route […]
What legal principles underpin the assisted dying debate?
Wednesday 16th October saw the formal introduction of the Terminally Ill Adults (End of Life) Bill before the House of Commons. Full details of the Bill and the scheme it will propose have not yet been published, although some sources have suggested that the Bill might follow a similar path to the Bill introduced by […]
