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Brokers and freeholders to face lawsuit over insurance commission

High-rise council tower block, houses and The Shard in London

The class action, launched by a City lawyer and leaseholder, Liam Spender, is backed by law firm Velitor, which has secured funding for the no win, no fee claims from Balance Legal Capital LLP.

Spender, who works for Velitor as counsel and head of real estate litigation, has been challenging insurance costs and other service charges in multiple actions at his site, Saint David’s Square in

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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