Why most UK banks cannot provide a Medallion Signature Guarantee
If you have been asked to obtain a Medallion Signature Guarantee for a US share transfer, you may assume that your bank can provide one. Unfortunately, that is often not the case. A medallion signature guarantee is frequently required when transferring or selling US or Canadian securities. For shareholders, executors and beneficiaries in the UK, […]
Managing professional risk proactively in estate administration
Whether it is for a property, travel, or something else of value, insurance is typically purchased with the hope that it is never needed. The same applies to professional indemnity insurance. Even experienced solicitors and well-run firms are not infallible, and while professional indemnity insurance can help protect against claims arising from professional errors, the […]
‘Bank of grandparents’ sparks marked change in wealth inheritance
New research from The Private Office (TPO) shows a marked change in how older generations think about passing on wealth, as annual financial gifts across the UK reach £17 billion, with £9.6 billion going directly towards helping first time buyers get onto the property ladder. A survey of 2,126 UK adults aged 45 and over, […]
SRA expands executive leadership team
The Solicitors Regulation Authority (SRA) has announced two new appointments to its executive leadership team. Alan Evans joins the regulator as its new executive director, general counsel, risk and compliance and will take up his post in October. Kate O’Neill joined as executive director, communications and external affairs in May. The SRA announced changes to […]