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Nicola Laver

Editor, Solicitors Journal

Quotation Marks
14 June 2021

SIF extended

SIF extended


The Solicitors Indemnity Fund (SIF) is to be extended by another year to September 2022 to allow consultation on the future of post six-year run-off cover – subject to an affordability test. The decision comes against the backdrop of a hardening insurance market and mounting concerns within the profession at the lack of a viable alternative. SRA chair Anna Bradley said the extension will allow the SRA “to do the work necessary to agree a long-term position on whether there is a place for post six-year cover in its regulatory arrangements”.