Regulation

Wilsons is authorised and regulated by the Solicitors' Regulation Authority under Registration number 00466564.


Insurance
Wilsons has qualifying professional indemnity insurance for the period 1 October 2016 to 30 September 2017 under a joint policy (number FINPL 1600111) issued by Aviva Insurance Limited and AIG Europe Limited.


ADR
We are obliged to submit to the Alternative Disputes Resolution process operated by the Legal Ombudsman whose web address is www.legalombudsman.org.uk

The European Union Online Dispute Resolution Regulation requires us to make available to all consumer clients who have entered their contract with us by electronic means the services of the EU's own online dispute resolution service which can be accessed at www.ec.europa.eu/odr


SRA Accounts Rules 2011 Rules 22 and 23
In line with the requirements and guidelines of the Solicitors Accounts Rules we are required to pay interest to clients on a fair and reasonable basis where we hold client money.

The current low rates of interest following the continued reduction in bank base rate has resulted in considerably reduced rates of interest being paid on our Client funds.  The rate of interest was further reduced on 1 September 2016 to 0.15% following the most recent bank base rate reduction.

Given the extreme low rates at the present time we are implementing a tiered eligibility table for payment of interest to avoid creating balances of only a few pence.

Amount held on Client account Period of time
£0 - £999 NIL
£1,000 - £4,999 365 days
£5,000 - £24,999 182 days
£25,000 - £99,999 45 days
£100,000 - £499,000 7 days
£500,000 + 3 days

A rate of interest of 0.05% will be applied to all tiers.

The policy will be reviewed on a regular basis and in particular when interest rates change.


Equality and Diversity Table
In accordance with SRA requirements Wilsons undertook a  Diversity survey in July 2017 and the results are contained in the attached link.