Wilsons is authorised and regulated by the Solicitors' Regulation Authority under Registration number 00466564.
Wilsons has qualifying professional indemnity insurance for the period 1 October 2019 to 30 September 2020 under a joint policy (number FINPL 1900135) issued by Aviva Insurance Limited and AIG (UK) Limited.
We are obliged to submit to the Alternative Disputes Resolution process operated by the Legal Ombudsman whose web address is www.legalombudsman.org.uk
The European Union Online Dispute Resolution Regulation requires us to make available to all consumer clients who have entered their contract with us by electronic means the services of the EU's own online dispute resolution service which can be accessed at www.ec.europa.eu/odr
Solicitors Accounts Rules - Rule 7
We are required by the Solicitors Accounts Rules to account to clients or third parties for a fair sum of interest on any client money held by us on their behalf.
The current low rates of interest achievable following the reduction in the bank base rate has resulted in considerably reduced rates of interest being paid on Client funds.
Given the extremely low rates at the present time we currently apply a rate of 0.1% to client account balances below £1,000,000 and 0.2% to client account balances of £1,000,000 and above. The rate of 0.05% is applied to funds held prior to 31st December 2018.
Payment of interest is always subject to the provision that we will not pay interest if the total interest accrued at those rates amounts to less than £20.00.
The policy will be reviewed on a regular basis and in particular when interest rates change.
Equality and Diversity Table
In accordance with SRA requirements Wilsons undertook a Diversity survey in June 2019 and the results are contained in the attached link.