Lord Chancellor pleased with Woolf reforms

The Lord Chancellor, Lord Irvine Of Lairg, has expressed his support for the Woolf reforms, saying he...

The Lord Chancellor, Lord Irvine Of Lairg, has expressed his support for the Woolf reforms, saying he was "heartened by the reports of good progress from right across the system since the new regime was instituted on 26 April".
Speaking in the House of Commons, he said: "Fears that reforms would result in a deluge of appeals have been misplaced. There have been very few. These are early days, but it is looking good."
The Lord Chancellor was responding to questions from Lord Hunt Wirral, senior

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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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