Pavilion Row has become an Alternative Business Structure (ABS)

1st Feb 2018
Pavilion Row has today, 1st February 2018,  become an Alternative Business Structure (ABS) licenced and… ...
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Pavilion Row has become an Alternative Business Structure (ABS)

1st Feb 2018

Pavilion Row has today, 1st February 2018,  become an Alternative Business Structure (ABS) licenced and regulated by the Council for Licensed Conveyancers (CLC).

Angus Houston, Managing Director of Pavilion Row, said “Our new ABS status is a significant milestone in the growth of the business. We continue to offer advice based legal services for wills, powers of attorney and probate / estate administration and ensure that all our advisers are STEP qualified which means that they are recognised as some of the most experienced and qualified individuals in this area of work. The ABS status adds to this by giving further protection to our customers through the Legal Ombudsman and a compensation fund.

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Proposed probate court fees increase – scrapped for now!

21st Apr 2017
In a surprise U-turn last night the Ministry of Justice have scrapped for now the… ...
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Proposed probate court fees increase – scrapped for now!

21st Apr 2017

In a surprise U-turn last night the Ministry of Justice have scrapped for now the proposed increase in probate fees. They have stated that there is not enough time for the proposed legislation to go through parliament ahead of the general election.

Nothing has been said as yet on whether scheme will be brought back if the government are re-elected.

Further Reading:
BBC News

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Are you interested in becoming a Dementia Friend?

25th Jan 2017
Alzheimer’s Society’s Dementia Friends programme is the biggest ever initiative to change people’s perceptions of… ...
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Are you interested in becoming a Dementia Friend?

25th Jan 2017

Alzheimer’s Society’s Dementia Friends programme is the biggest ever initiative to change people’s perceptions of dementia. It aims to transform the way the nation thinks, acts and talks about the condition.

Our colleague Dawn, is a trained Dementia Friends Champion volunteer. As a volunteer she runs free 1 hour information sessions where people learn some key messages about dementia and commit to turning understanding into action. In our commitment to support Dawn and the Dementia Friends initiative we are now running regular Dementia Friends training sessions from our offices.

The sessions are open to all and the next session will be at 9.00 am on Friday 17th February.

If you are interested in attending, you can book the session via the Dementia Friends website or alternatively contact us.

If there are several of you who wish to attend a session then it maybe possible to run the training at your offices. Please contact Dawn directly to discuss this.

Further sessions will be arranged, so if you can’t attend on the 17th then please register your interest with us and we will inform you of new dates.

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Angus shares his views on regulation

17th Nov 2016
For sometime now there has been on going debate discussing the pros and cons of… ...
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Angus shares his views on regulation

17th Nov 2016

For sometime now there has been on going debate discussing the pros and cons of regulation in the Will industry with the Legal Services Board commissioning a number of research projects looking at this area.  Angus shares his views on this topic in the STEP journal this month, read the article here.

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Pavilion Row has become the latest firm to join the Opera North Business Partners scheme.

19th Jul 2016
Pavilion Row, has chosen to become a member of the Business Partners scheme to highlight its commitment to… ...
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Pavilion Row has become the latest firm to join the Opera North Business Partners scheme.

19th Jul 2016

Pavilion Row, has chosen to become a member of the Business Partners scheme to highlight its commitment to Yorkshire’s thriving artistic life and, in particular, to celebrate the work of Opera North, the only national opera company based outside London.

Angus Houston, Pavilion Row’s Managing Director, said:

“At Pavilion Row, we pride ourselves on our individual, flexible approach and value this chance to join forces with an arts organisation that is as committed as we are to creativity, innovation and excellence and to presenting the very best of what the North has to offer locally, nationally and internationally.”

Opera North launched the Business Partners scheme in 2015 to build connections with and between those business leaders who value the role the arts play in enriching life in the North and who are keen to further Yorkshire’s vast cultural, social and economic potential. It enables businesses to get closer to the Company and to gain an insight into all of its activities, including its projects with schools, young people and the wider community. Pavilion Row becomes a member of the scheme alongside such companies as Yorkshire Building Society, Yorkshire Water, KPMG, William Jackson Food Group and Land Securities.

Jo Graham, Opera North’s Business Development Manager, said:

“Opera North is a unique cultural and economic asset to Leeds and the wider Northern region. A registered charity with a £16m annual turnover that contributes significantly to the region’s economic and cultural wealth, it is at the forefront of the Leed’s burgeoning international reputation.

“The Business Partners scheme gives organisations the chance to get to know us better and also to work with us to promote everything the North of England has to offer. We are delighted to welcome Pavilion Row on board.”

 

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Are LPAs an essential part of an income drawdown pension arrangement?

8th Jun 2016
The new pension freedoms introduced in April 2015 have given retirees the option to keep… ...
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Are LPAs an essential part of an income drawdown pension arrangement?

8th Jun 2016

The new pension freedoms introduced in April 2015 have given retirees the option to keep investing their pension pot and draw an income directly from it, as well as the option to pass their pension pot on to their beneficiaries when they die.

While this greater flexibility is very attractive to some retirees, there is one obvious risk.

What will happen if their health deteriorates and they are no longer able to manage their income drawdown arrangement?

What if they need to adjust their income level (for example, to pay for care costs) or adjust their underlying investment choices? Who will make these decisions and instruct the pension company?

Obtaining authority to act on an individual’s behalf can be complicated, time-consuming, expensive and require a court intervention – even for a spouse or close relative.

Of course this risk isn’t new, but it is accentuated by the new rules and the fact that more and more people are likely to opt for income drawdown and keep their pension pots invested until the day they die.

In the ‘old days’, the vast majority of people retiring took out an annuity, whose terms (and income) are fixed for life and, therefore, incapacity was not such a risk as there are no decisions to be made.

Fortunately, a Lasting Power of Attorney (LPA) is a simple but highly effective solution. This legal document provides for one or more people to make decisions on an individual’s behalf if they are unable to manage their own affairs.

An LPA should arguably be an essential part of the financial planning process for any person opting for income drawdown when they retire. Currently, there seems to be limited usage of LPAs alongside income drawdown arrangements, which could be a recipe for problems in the future for those without an LPA.

Putting an LPA in place is a sensible step for anyone considering an income drawdown arrangement.

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