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News review: will dispute, pensions, mergers

Ex-lawyer facing jail over attacks

25 September 2013

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WILL DISPUTE

A former Law Society Council member has attacked her elderly parents in a dispute over their will and is now facing jail after admitting an assault on her neighbours, according to The Daily Mail. The ex-personal injury solicitor had been drinking when she got into a "heated and abusive" argument with her parents, a court heard last month.

 

PENSIONS

Rules brought in earlier this year to help pensioners get a better payout in retirement are failing according to leaked figures published by The Daily Mail's Money section. Despite promises that the reforms, introduced in March, would benefit retirees, tens of thousands have missed out and only a small proportion of sick savers received enhanced deals.

 

MERGER TALKS

Manches and Penningtons are close to agreeing a merger, according to The Lawyer, which would create a 250-laywer-strong firm. Manches Thames Valley managing partner Richard Smith confirmed the discussions and an agreement is apparently due this week.

 

COMPLIANCE

HSBC is recruiting 3,000 more compliance officers, for roles ranging from admin to lawyers, bringing its total count to 5,000, which is 2 per cent of its international workforce. Susan Wright, HSBC's head of financial crime, speaking at conference on financial crime hosted by the British Bankers' Association, said its recruitment drive was similar to J.P. Morgan's, reports The Times.

 

ULTRA HIGH NET WORTH

New York is the city with the highest number of UHNW population followed by London and Tokyo, reports Digital Journal. The figures were sourced by intelligence firm Wealth-X as part of the Wealth-X and UBS World Ultra Wealth Report. Los Angeles and San Francisco ranked fourth and fifth, respectively.

 

JOINT VENTURE

Neil Hudgell Solicitors has joined forces with national practice Simpson Millar to focus on personal injury (PI) and clinical negligence as well offering family, probate and commercial services, reports Legal Futures.Neil Hudgell launched a website two years ago targeting PI firms looking to exit the sector.

Categorised in:

Tax & Wealth structuring Pensions Wills, Trusts & Probate