The FCA is planning to compel people to take independent advice if they move their pension to an occupational defined contribution (DC) scheme using the new ‘Pension Freedom’ rules. Financial Advisers providing the advice must also hold the pension transfer…read more
Limitation of Claims
A firm of surveyors has escaped an accusation of negligent overvaluation after the lender missed the deadline to make its claim. The Limitation Act sets a six year limit on the time allowed for parties to make a claim for…read more
Courts challenge unreasonable costs
The Courts have shown that they will restrict the budget in cases where unreasonable costs have been incurred. This is good news for professional firms and their insurers defending professional indemnity claims who may not have to face excessive demands…read more
Indemnity insurer liable for disbursement loans
A professional indemnity (PI) insurer has been ordered to reimburse loans made to clients of a failed law firm by the Court of Appeal. The case could have implications for the PI insurance market as the insurer in the case…read more
