(4 years, 5 months ago)
Commons ChamberThe hon. Gentleman knows that last year an important announcement was made on the reform of the Probation Service, which is progressing. I am considering the matter very carefully, particularly in the light of covid-19 and the effects on the process, and I will make a statement to the House as soon as possible.
The land banking scandal of nearly a decade ago is as real today as it was then to some people, especially in cases where solicitors have been prosecuted and struck off by the Solicitors Regulation Authority. The SRA deems compensation claims out of time after a year, even when the timescale from prosecution to striking off can be over a year. Will my right hon. and learned Friend ask the Legal Services Board to investigate whether the discretionary compensation fund administered by the SRA is actually fit for purpose?
I am grateful to my hon. Friend for his question. He and I have discussed this matter on a number of occasions, and he is right to raise this sensitive issue for those who have been unjustly deprived as a result of a fraud. The fund, which is operated by the SRA, is for those who have suffered financial loss specifically caused by solicitors. It consulted earlier this year between January and April. It would need to seek the approval of the LSB for any changes to the fund. We need to be realistic about the fact that any compensation fund will not be able to fully recompense those who have lost under it, but I take his point about time limits, and it is something that I will discuss with him further.