SIF – SRA agree to Extend Scheme

The SRA has announced that the outcome of the consultation is that it has agreed to extend the SIF until September 2023 whilst further options to protect consumers are considered . The move comes after the SRA launched a consultation in November 2021 where it sought views from the profession about the future of SIF, which currently provides supplementary run-off

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Yorkshire Union Law Societies Special Event – The Future of the Solicitors indemnity Fund with the SRA – 27th September 2021 2-3pm

Monday 27 September, 2-3pm Virtual meeting with the SRA to discuss post six-year run off cover We have pleasure to announce that we have managed to secure a meeting with the SRA for Yorkshire Solicitors to discuss the Post run off cover for solicitors which was to be withdrawn but is now subject to a 12 month extension whilst the

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Yorkshire Union Law Societies Special Event – The Future of the Solicitors indemnity Fund with the SRA – 27th September 2021 2-3pm

Monday 27 September, 2-3pm Virtual meeting with the SRA to discuss post six-year run off cover We have pleasure to announce that we have managed to secure a meeting with the SRA for Yorkshire Solicitors to discuss the Post run off cover for solicitors which was to be withdrawn but is now subject to a 12 month extension whilst the

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SRA grant 12 month extension to sif

After intensive lobbying led by the Law Society the SRA announced today that its Board had concluded that the previous decision to close SIF was to be temporarily reversed for the next 12 months whilst all options were considered for the future . The SRA recognised the changed enviroment and that the insurance market had “hardened ” such that affordable

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Closure of SIF looms exposing current current and retired members

The Solicitors Indemnity Fund is due to close later this year and the Law Society is currently engaed in strong representations to the SRA that this should be stopped as it will mean both retired memebrs and current solicitors could face the prospect on claims which will not have any insurance protection putting their retirement and assets at significant risk

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