SRA takes action on PM Law closure
The Solicitors Regulation Authority (SRA) has confirmed it has formally intervened in the closure of PM Law and its subsidiary firms in a statement published yesterday on its website. After calls for clarity from the regulator in the days following the closure of the Sheffield-based firm, a statement confirms the SRA launched an investigation on […]
Client account consultation deadline extended
The deadline to have your say on the Ministry of Justice’s plans to use lawyer’s client account interest to fund access to justice has been extended by four weeks to 9th March, from 9th February. The MoJ has signalled it could target interest on client accounts in its recent client money consultations, describing the potential […]
Probate solicitor struck off after using firm funds to pay tax bill
A solicitor has been struck off for multiple unauthorised uses of client account funds and ‘deceptive conduct’ toward HMRC, following a hearing at the Solicitors Disciplinary Tribunal (SDT). Andrew Cooper was a partner in the probate department at Streathers Solicitors LLP at the time of the misconduct, which came to light in September 2022 when […]
Intergenerational gifting through equity release at record levels
Data released by UK retirement provider Canada Life has revealed that more of its potential borrowers than ever before intend to use funds from equity release to gift money to family members. In 2025, 19% of those enquiring about equity release said their reason for considering the loan was to give money to family members, […]
Trust Registration Service registered 10,000 trusts in one month, as spike in demand continues
The number of people using trusts to manage their money is rising, according to a new analysis by RBC Wealth Management. The Trust Registration Service registered around 10,000 UK trusts in January last year, a Freedom of Information request made by the financial services firm has revealed. The figures received by RBC cover the most […]
FCA seeks views on how to help close the protection gap, as 58% of adults don’t have a policy
The Financial Conduct Authority (FCA) has published the interim findings of its competition review of pure protection products and found that, for those consumers that have taken out protection insurance, the market mostly works well. There are a wide range of products, most consumers can claim when they need to, and the costs of cover […]