Equity Release Council supports later life lenders with best practice report
A report produced by the Equity Release Council sets out examples of good practice, strategic priorities and case studies to help firms support later life lending customers. Produced in collaboration with Inclusive Outcomes, an organisation which helps vulnerable people, Later Life Lending and Customer Vulnerability is a sector-specific review of approaches to vulnerability in later […]
2.45 percent salary increase for aspiring lawyers
The Law Society of England and Wales has recommended a 2.45% salary increase for aspiring solicitors, in line with the Consumer Price Index 12-month rolling inflation rate. The increase, which is not a regulatory requirement but ‘a matter of voluntary good practice’, means trainee solicitors outside of London should be paid £24,916 and £28,090 in […]
HM Treasury response to MLR consultation: key changes
Following the government’s admission that anti-money laundering regulations are ‘a major burden’ on professional business services firms, HM Treasury has released a response to the 2024 consultation examining the effectiveness of Money Laundering Regulations. In the foreword to the response, economic secretary to the Treasury Emma Reynolds said the government is ‘confident that these changes […]