Is this going to be the third tokenistic inquiry after the feeble efforts in 2005 and 2014?
By Harry Scoffin
Failure properly to investigate leasehold buildings insurance could hammer the reputation of the Financial Services Authority the regulator warned its staff in 2005, the Leasehold Knowledge Partnership can reveal.
In a 2005 document seen by LKP, the financial watchdog – renamed the Financial Conduct Authority in 2013 – admitted that a scandal concerning buildings’ insurance in England’s multi-occupancy residential blocks could be in gestation.
