Lawson-West, solicitors, support lobbying by both The Law Society and the Association of Personal Injury Lawyers and are pleased to see that the Financial Services Authority is proposing to increase protection for temporary high balances to £500,000.
This will benefit personal injury victims who may have sustained significant or multiple injuries so receive appropriate levels of accident compensation which may result in a temporary high balance. Lawson West can offer financial advice for personal injury victims on how to invest their accident compensation. As the compensation can include awards to cover long term care or disadvantage in the job market if someone has been forced to give up their job because of injury, it is essential that this money is protected against a bank collapsing.
Lawson-West, solicitors, also hope that the Financial Services Authority will include awards made by the Criminal Injuries Compensation Authority (CICA) as it is not clear at present whether the proposals will cover these awards. Criminal Injuries Compensation Authority awards are made to people who have suffered injury after a criminal incident such as mugging or assault and should have the same protection as all others who suffer injury after an accident that was not their fault.
If you have been injured through an accident that was not your fault, please contact Mark Evans on 0116 212 1000, complete one of the on-line forms or text ‘accident’ to 07968 888857 and we’ll call you back. Initial consultation is free, so it won’t cost you anything to find out if you have an accident compensation claim.
