Regulator concerned over ABSs

The Solicitors Regulation Authority (SRA) has warned that the personal injury referral fee ban will be hard to enforce.

The fees will be banned under the legal aid, sentencing and punishment of offenders act, which comes into force in April 2013.

However, the SRA has predicted that referral fees could be disguised if companies were to set up alternative business structures (ABSs), making them harder to spot, according to The Telegraph.

This could work if an ABS were to combine the work of a claims management company and another firm such as an insurer, meaning no traditional referral fee would be paid.

 

 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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