Government sets out plans to support thousands of bereaved families affected by NS&I failures
Pensions minister Torsten Bell (pictured) has set out the action the government will take to support thousands of bereaved families who have been unable to access savings of deceased relatives held with National Savings & Investments (NS&I). Speaking in the House of Commons on Thursday, the minister said the government is committed to ensuring NS&I […]
CMA investigates Dignity as part of fake review crackdown
Dignity, the funeral plan provider and owner of low-cost probate service Farewill, is being investigated by the Competition and Markets Authority (CMA) as part of a crackdown on fake and misleading reviews. The investigation is one of five announced by the CMA, along with Autotrader, Feefo, JustEast and Pasta Evangelists. While the CMA is investigating […]
LSB outlines plans to strengthen ethical standards but is warned over duplicating regulators’ efforts
The Legal Services Board has outlined how it intends to strengthen lawyers’ ethical standards in a statement of policy which sets out new expectations designed to reinforce lawyers’ role in upholding the rule of law. But while the Law Society has welcomed efforts to continue to maintain high ethical standards, it has raised concerns over […]
FCA targeted support overlooks older customers, says equity release specialist
The Financial Conduct Authority’s targeted support initiative risks overlooking later life lending, potentially limiting good outcomes for over-55 homeowners, a later life lending specialist warns. Key Partnerships, the referral arm of Key Group, is urging firms to ensure customers are signposted to specialist advisers so property wealth can be properly considered as part of retirement […]
Insolvent estates: Where private client lawyers get caught out
John Lambe navigates the tricky landscape of insolvent estates, setting out some common mistakes and explaining how to deal with them. Insolvent estates are far from rare. Current data suggests that around one in 20 estates in England and Wales fall into insolvency, and that proportion is rising. Yet despite this, many practitioners still […]