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Rightmove set for legal action over Hip

Rightmove says it is considering launching a multi-million pound legal action against the Government after its U-turn on home information packs.

The news comes as the Government last week apologised to home inspectors after it said in July that home condition reports would be made voluntary from June 2007.

Rightmove pulled its Hip, which cost an estimated 22m to develop, after the U-turn and says it will decide whether to seek compensation after its interim results are announced on September 1.

Hips provider Easier2Move has also said it would take part in any compensation claim if other firms get the ball rolling.

Home inspectors have also stepped up their campaign to seek redress from the Government. Money Marketing revealed last month that many were demanding compensation and a number of inspectors are drumming up support for a class action on home inspector internet forums.

A Rightmove spokeswoman says: “We may want to discuss compensation with the Government at a later stage.”


AFB launches checklist for members on PPI

The Association of Finance Brokers has launched a payment protection insurance checklist to give members guidance on PPI sales procedures.The checklist has been produced in response to the Office of Fair Trading’s damning report on PPI which found that providers are making massive profits on the back of low claim ratios.The FSA has also urged […]

Purely prunes numbers

Purely Mortgages has cut its salesforce as part of its third financial restructuring in under a year.Purely, set up in 2004, cut 19 of 45 sales staff in a bid to bring costs down to a level that will see it make profit on a smaller turnover than originally projected. The staff were not employed […]

Standard claims the law is an Asp

The Government is encouraging pension trustees, providers and advisers to breach anti-discrimination laws by screening the use of alternatively secured pensions on religious grounds, claims Standard Life. The Government is becoming increasingly concerned that Asps are being used to avoid inheritance tax. Treasury Economic Secretary Ed Balls prompted fears of an Asp crackdown when he […]

No-score draw

“I’ve never wielded an axe in my life.” Bankhall chief executive officer Peter Mann to colleague Richard Howells”It’s like people’s sexuality. There is no black or white, just many shades of grey.” FP Advance’s Brett Davidson on the fees versus commission debate”It always makes me laugh when the waiter comes and asks what you would […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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