We are thrilled to announce that PoloWorks has been chosen by the Solicitors Regulation Authority (SRA) Board as the expert delivery partner for managing the Solicitors Indemnity Fund (SIF). This significant decision was made as part of SRA’s objective to ensure future consumer protection for post six-year negligence claims, effective from 1 October.
We are delighted to embark on this venture, which involves not only handling new claims but also working closely with the SIF panel firms handling open claims. Our role will ensure a seamless transition and continuity of service. We understand the immense responsibility and are prepared to tackle it head-on to provide the highest quality of service.
Our CEO, Paul Andrews, commented: “Polo is honoured to be selected as the SRA’s expert delivery partner on managing the Solicitors Indemnity Fund. We have the expertise and experience to allow for a smooth and efficient handover and we look forward to working alongside the SRA on this project.”
Rest assured, our commitment to this project and our extensive claims-handling expertise will be leveraged to ensure optimal oversight and governance of the scheme. Our involvement will not only increase efficiency but also reduce running costs, ensuring more funds are allocated to the core purpose of settling claims.
We are eager to get started and look forward to this journey with SRA, guaranteeing protection for clients and contributing to a more streamlined and efficient system.
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