Spring has brought a wave of new beginnings for R3, with a new President in office and planning for our first in-person Annual Conference in three years in full swing.

We review two keynote speaker sessions from R3's Fraud Conference 2022; Dame Vera Baird DBE QC, who talked about victims of fraud, and Dame Margaret Hodge, whose session covered business fraud…

To help tackle the most common misconceptions about insolvency fees, R3’s Press, Policy and Public Affairs team has published new research which aims to address how the fees are broken down, the typical costs involved in an insolvency procedure, and how the costs reported in an insolvency case often bear little resemblance to the amount insolvency practitioners (IPs) are actually paid for the work they undertake in these cases.

As we move into the spring season, the news and public affairs agenda continues to be full, with the submission of R3’s response to the Government’s insolvency regulation consultation, the launch of a new paper to tackle insolvency fee misconceptions and a new guide for people in Scotland worried about their finances just some of the areas the Press, Policy and Public Affairs team has worked on this month.

These, coupled with continued work to give the profession a voice on key issues in the media has meant March was a busy month for the Press, Policy and Public Affair’s team.

Companies House, the central register of company information in the UK, is a crucial component of the UK’s corporate governance framework, but doesn’t yet have formal investigatory powers to verify the accuracy of information that companies send to it.

February may be the shortest month of the year, but that does not make it the quietest. With work on R3’s response to the Government’s insolvency regulation consultation, a new paper to help tackle misconceptions around insolvency fees and continued engagement with parliamentarians on the importance of Companies House reform, R3’s Press, Policy and Public Affairs team has been working hard to make sure the voice of the profession is heard on key issues.

PPP Update: January 2022

2021 was a significant year for the insolvency and restructuring profession, and for R3’s Press, Policy and Public Affairs team who worked hard to promote and defend the profession and its work.

The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act, which received Royal Assent in December 2021 gives the Insolvency Service a significant new power to investigate former directors of dissolved companies where it believes these directors are responsible for wrongdoing.

On 21 December 2021, the Government published ‘The Future of Insolvency Regulation’, a consultation setting out new proposals to “strengthen, reform and simplify” insolvency regulation. The proposed changes in the consultation document amount to an overhaul of insolvency regulation and will have a significant impact on the insolvency profession and how it works.

Here's everything you need to know about the proposed regulation changes...