Regulation

Wilsons is authorised and regulated by the Solicitors' Regulation Authority under Registration number 00466564.


Insurance
Wilsons has qualifying professional indemnity insurance for the period 1 October 2020 to 30 September 2021 under a joint policy (number FINPL2000229) issued by Aviva Insurance Limited, AIG Europe Limited, and Starr International Europe Limited.


ADR
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 0.05% on balances up to £499,999, a rate of 0.07% on balances between £500,000 and £999,999, and a rate of 0.10% on balances above £1,000,000.

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.