Solicitors Indemnity Fund
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SRA consultation on the future of PSYROC and the Solicitors Indemnity Fund – Law Society response
Post six-year run-off cover provides necessary protections for consumers of legal services and solicitors. Maintaining the Solicitors Indemnity Fund through a modest, compulsory levy on firms, would be the cheapest, most effective way to ensure that this cover remains available in the future.
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SIF consultation: Consumers could be left high and dry by solicitors’ regulator
Solicitors leaders today warned that consumers could be left high and dry if the regulator pushes ahead with the discontinuation of post six-year run off cover (PSYROC) and the closure of the Solicitors Indemnity Fund (SIF).