Financial Services Bill progress
The Financial Services Bill is due to receive its second reading in the House of Lords (when all aspects of the bill will be debated) on 23.02.2010. In its current form the Government bill, which has so far remained intact throughout its progress through the House of Commons, proposes to allow consumers to join together to bring claims against FSA-regulated professionals (such as financial advisers and insurance brokers) in cases where there has been a mass failure of practice which has affected significant numbers of consumers. If the proposals become law, they will reduce the cost to consumers of making claims against financial services professionals which arise out of endemic (as opposed to "on-off") mistakes or bad advice.
We'll be tracking the progress of the bill until it receives Royal Assent on the Fenchurch Law twitter feed.
Fenchurch Law twitter feed
The Fenchurch Law twitter feed is now live! From now on, we'll be tweeting daily, helping to keep you up to date on new developments in the law relating to professionals and insurance. We'll be highlighting key cases and changes to the CPR, and we'll also be keeping tabs on ongoing processes such as the Law Commissions' review of insurance contract law, and the follow-ups to Lord Justice Jackson's report on costs.