The Month That Was – May 2021 – the first interest only mortgage trial from Pure Legal and an update on issues facing D&O insurers

Published on 09 June 2021

Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.

In episode 3, Rachael Healey is joined by Anthony Cutler and Matt Watson to discuss the key news and developments in the industry for the month of May. Episode 3 focuses on the first judgment in an interest only mortgage claim being brought by Pure Legal, as well as the impact of pre-pack sales on D&O insurers, and other wider issues arising from company insolvencies. 

Other topics covered include the announcement of a joint initiative between the Financial Conduct Authority and The Pensions Regulator, requesting input to improve the consumer experience; new proposals from the FCA which will see a new consumer duty of care created, intended to offer greater protection for consumers in retail financial services; news that the FCA will continue its thematic review in DB pension transfers until Spring 2022; and finally, the FOS annual data showing an increase in complaints against SIPP providers. 

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