ProACT Legal Solicitors has launched a "Fighting Fund" to finance a judicial review before Christmas...
ProACT Legal Solicitors has launched a "Fighting Fund" to finance a judicial review before Christmas of what it sees as uneven application of the FSA's rules on PI cover. ProACT spokesman Gareth Fatchett says he has evidence to suggest the regulator has been applying its different rules to different practitioners. "It depends on whose desk it lands on, on the day," Fatchett says about the FSA's handling of PI issues. "We have evidence of one company that has been trading without PI cover for more than a year and another one that has been trading for more than six months...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes