Industry reacts to referral fee report

Nick Starling

Lawyers and insurers have slammed the recommendation by the Legal Services Board (LSB) to retain referral fees in the personal injury marketplace.

As part of its wider consultation on Lord Justice Jackson's proposals, the government had stalled on the issue of referral fees claiming it was waiting for the LSB's report to inform its decision.

Rather than a ban, the LSB has recommended steps to "manage the impact of referral fees and prevent abuses by strengthening transparency obligations." It also cited the fact that "the legal services market is on the threshold of substantial structural change" as a result of the Legal Services Act as a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Industry reacts to discount rate change

Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: