The SRA have recently launched a review of its overall approach to protecting consumers in response to shifting risks in the sector. The Law Society have welcomed this review, which is timely in light of the serious consequences of the collapse of Axiom Ince. The review’s main points of focus are consumer protection and the Compensation Fund.
The Law Society shall be working with the SRA as it undertakes this work and will be ensuring the views of members are heard. There is also the opportunity to feed into the SRA directly, as they will be carrying out in-depth research with the profession to identify the best approach to protecting consumers and serving public interest in the long-term. Current opportunities to get involved are as follows: