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About PWJ Solicitors

We have served generations of individuals and local businesses, providing comprehensive legal advice.

The Law Society - Conveyancing

05

Jul

2019

PPI CLaims Deadline Approaches

As you will be aware from the general press coverage, the deadline for Payment Protection Insurance (PPI) claim application is 29th August 2019.

 

As an Attorney, Deputy, Trustee, Personal Representative or beneficiary you may want to make a claim for the benefit of a person or an estate. We do not make a search against the various provider databases for outstanding claims on behalf of our clients; including probates, trusts and attorneyships; without specific instructions.  If you do intend to make a claim, whether for yourself or for an estate which you manage, you should ensure that these are undertaken in advance of the deadline.  More information is available at:

https://www.fca.org.uk/ppi/

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New Rules for Registration of  Relevant Trusts and Declarations of Trusts Relevant Trusts in existence at 6th October 2020 (even if subsequently closed) must be registered with the new Trusts Registration Service by 1st September 2022 to avoid penalties and charges.  This rule also applies to relevant property trusts where the legal ownership position differs from the equitable ownership position; for example where a Declaration of Trust sits behind the Title with details of equitable owners such as where parents have loaned money to purchase a property and have their interest protected by a Declaration of Trust but are not named on the Title Register. Trusts formed after this date may also be subject to complex registration requirements. Please contact us if you are concerned that the above may apply to your Trust and would like advice or assistance with the process.