SRA ‘knew’ SSB was failing nearly a year before it collapsed as it faces enforcement action
The Solicitors Regulation Authority (SRA) faces enforcement action in the wake of its failure to properly regulate failed Sheffield law firm SSB Group; missing the opportunity to respond ‘effectively or efficiently’ despite more than 100 reports relating to SSB’s activity from January 2019 to March 2024. A report published by the Legal Services Board (LSB) suggests […]
£2.65m farm remains in the family after brothers lose High Court inheritance claim
Two brothers have been disinherited and lost their battle for a share of the family’s £2.65m farm after it was left to the owner’s daughters in order to keep it in the family. John and Steven Maile went to court after their grandmother cut them out of her inheritance and instead left the family farm […]
FCA to consult on how it might regulate ‘tokenised’ and digital assets in future
The Financial Conduct Authority (FCA) has set out plans to enable wider adoption of ‘tokenisation’ in asset management which could enable ‘fundamental changes’ changes in the sector said executive director of markets at the FCA, Simon Walls. In a consultation the FCA will outline plans to create guidance on operating tokenised fund registers under current […]
LSB announces review following Mazur as ‘clear and accurate information’ needed on the issue
The Legal Services Board has confirmed it has received an application from CILEx Regulation to enable its regulated community to obtain standalone litigation practice rights and has said it will launch a review to examine how approved regulators and regulatory bodies ensured information it shared was accurate and reliable in the wake of the High Court’s Mazur ruling […]
‘Dear Sirs’ outdated and obsolete say the Law Society in updated guidance
The campaign to eradicate the use of “Dear Sirs” in legal correspondence is celebrating after the Law Society updated it’s guidance on the ‘outdated and obsolete practice’ and instead recommended solicitors use language which is more ‘representative and appropriate in today’s diverse society.’ In updated guidance published in the last few days the Law Society […]
Chancellor left with few options as she contemplates later life taxes ahead of budget
Chancellor Rachel Reeves could be left with little option but to seek alternative ways to raise much needed funds for the public purse if she is to stick to the Labour party’s promise not to raise National Insurance contributions, basic or higher rates of income tax, or VAT in the upcoming budget. With a £20bn-£30bn […]
Composing a legacy; mixing a jazz career with estate planning
The latest episode of the Today’s Wills and Probate Podcast, takes a musical tur as host David Opie welcomes John Heavens, CEO of Your Legacy Solutions – and a professional jazz musician. John shares with David his background and how the worlds came to collide; and how he manages to balance his two professions. By day, […]