Legal - Compensation Claims: Seeing sense on compensation culture

golden-egg

The law regarding risk perception, negligence, responsibility and compensation is about to undergo a massive overhaul, writes Andrew Parker.

The title of Lord Young's report, Common Sense, Common Safety, is indicative of a no-nonsense approach to tackling the perception of risk in society. The report is endorsed by the Prime Minister and has the full backing of the cabinet, so it should not be taken lightly.

Critics say that the proposals around compensation are too broad brush: full implementation of the Jackson Review on civil costs, including removing recovery of success fees and after-the-event premiums; restrictions or a

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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