Consumer interest must be paramount

first_img Anthony Wooding, managing partner, Kerseys Solicitors, Ipswich I am instructed by a lady awaiting estate money due to her. She had rung her solicitor only to hear a recorded message saying that the firm had ‘closed until further notice’. The firm had in fact been the subject of an intervention by the Solicitors Regulation Authority. I duly submitted a claim form to the SRA regarding a potential claim on the compensation fund. On 2 September I received an apologetic letter explaining that there had been an increase in applications and that it ‘was anticipated that the claim would be passed to a claims investigator within the next 12 weeks’. On 1 December I telephoned and was told that there had been a lot of interventions this year, with the implication that there were insufficient resources to deal with them. No claims investigator had been appointed and no indication was given as to when one might be. A major reason for the separation of powers was that there needed to be a body which would see the consumer’s interests as paramount. Moreover, accepting that there is a resource issue, it seems to me that how those resources should be allocated is not being looked at in proper perspective. The SRA still spends considerable resources looking at the processes of firms that are otherwise acknowledged to be well run. Surely the regulator should be allocating resources to deal with the compensation fund backlog as a priority? The consumer interest depends on it.last_img read more

Bosch motorcycle systems bags ASEAN NCAP award

first_imgLeading automotive OEM (original equipment manufacturer) Bosch has been awarded with the “Safety Technology Award: Innovative Motorcycle Technology for Safer Riding” by the New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP) this week.Image credit: BoschThe award sees Bosch being recognised for its continuous efforts in innovating safer riding with two-wheeler technologies such as the motorcycle anti-lock braking system (ABS), motorcycle stability control (MSC), and side view assist (pictured above) that were developed by its Japan-based Two Wheeler & Powersports Division.Both systems were displayed and demonstrated yesterday at the Sepang International Circuit (SIC) during the Global NCAP #StopTheCrash campaign. You can check out our feature of the Bosch motorcycle ABS system demonstration we published yesterday.Presently, the ASEAN region sits as the world’s third largest motorcycle market, with Bosch highlighting the region’s rising demands for enhanced riding safety especially in emerging markets. With statistics indicating 21,000 fatal motorcycle accidents recorded annually in Indonesia and Thailand alone, it is easy to see why.Malaysia, on the other hand, has the third highest road traffic fatality rate in ASEAN. According to the World Health Organization’s records in 2015, around 18 road fatalities were recorded daily in Malaysia with more than 60% of which involving motorcycles. Simong-Song, Managing Director of Bosch receiving an award from David Ward, Secretary General of Global NCAP (far left) and Professor Dr. Wong Shaw Voon, Chairman of ASEAN-NCAP (middle).Pic Credit:Bosch Bosch motorcycle systems awarded with ASEAN NCAP Safety Technology award. According to Bosch, its accident research studies show that if every motorcycle is equipped with ABS, roughly one fourth of accidents could be prevented. Presently, motorcycle ABS has become mandatory equipment for all 125cc and larger bikes in the European Union. Examples include the  2016 Vespa Sprint ABS and Primavera ABS that were recently launched locally.Similar legislation will be enforced in Japan and Taiwan starting from 2018 and 2019 respectively.Presently, Bosch offers its new and compact ABS 10 suite that’s developed specifically to meet the requirements of emerging markets. The first new production motorcycle model to adopt it is the upcoming 2017 Kawasaki Versys-X 250/300 that’s slated to enter markets early next year.–Ads–last_img read more