View more on these topics

RICS in last-ditch legal bid to block Hips

The Royal Institution of Chartered Surveyors has started legal proceedings against the Government over home information packs.

The professional body says it has started judicial review proceedings against the Department for Communities and Local Government for its failure to carry out proper consultation before implementing new legislation to bring in Hips which are set to come into force on June1.

Spicerhaart Group chief executive Paul Smith has also warned the Government, ahead of a House of Commons’ debate on Hips this week, that if it does not relax the legislation, it could spark a housing crash to rival the meltdown of 1991.

He says: “Unless the Government relaxes this legislation it will have a housing crash on its hands on June 1.”

RICS regulatory board chairman Teresa Graham says: “RICS has not made the decision to commence judicial review proceedings lightly. We have exhausted all the alternatives and greatly regret that we were left with no other option if we are to protect the public’s property interests.”

Association of Home Information Pack Providers deputy director general Paul Broadhead says he is disappointed by RICS’ move. “It is probably not the best way to spend their members’ money, considering it is in conflict with what their organisation is about,” he says.

A second debate in the House of Lords is to take place on May 22.


IFAs called on to back factory gate pricing

Advisers are being called on to embrace the Association of British Insurers’ proposal to move to factory gate pricing as a way of adding more value to their businesses and improving the industry’s reputation.Speaking to a packed audience at Money Marketing Live in London last week, Royal London chief executive Mike Yardley said he believes […]

Widows appoints head of distribution development

Scottish Widows has appointed Robert Kerr to the newly created role of head of distribution development. Reporting to sales and distribution director Peter Hendry, Kerr will be responsible for the analysis and assessment of current and future market trends. He will also ensure corporate aims and objectives are aligned with key business partners in both […]

Direct Life and Fool link for online deal

Direct Life & Pensions Services has joined forces with Fool will become an appointed representative of Direct Life offering an online and call centre life insurance service to its members and users, administered by Direct Life’s systems.

A Tiner in your tank

After a well deserved break, the Diary returns to the world of drama and intrigue that is IFA Defence Union Evan Owen’s fishtank.The news is not good. The Owen family have lost three fish since Christmas due in no small part to the bullying nature of the recent addition to the tank, a ferociously aggressive […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm