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NLJ this week: SIF should stay

© Copyright LexisNexis 2026. All Rights Reserved.
28 May 2021
Issue: 7934 / Categories: Legal News , Profession , Insurance / reinsurance
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The closure of the Solicitors indemnity Fund (SIF) should not be treated as a fait accompli, solicitor (non-practising) Andrew Stovin writes in this week’s NLJ.

He argues there is no reason for it to close at all, and questions the ethics of a decision that will deprive retired and retiring solicitors of indemnity cover.

‘The funds were raised from the profession specifically for indemnity purposes and should absolutely remain in place for that purpose,’ he writes.

SIF was a mutual indemnity fund for solicitors which closed in 2000 so solicitors could obtain cover on the open market. It will stop accepting new claims in September this year.

Issue: 7934 / Categories: Legal News , Profession , Insurance / reinsurance
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