UK: review of insolvency practitioner fees

Shortly before Christmas the Government published the terms of reference for a review of insolvency practitioner fees to be led by Professor Elaine Kempson of Bristol University: see here. The purpose of the review was explained as follows: "... to assess whether further changes need to be made to provide confidence to creditors that IP fees are fair and commensurate with work done for the benefit of creditors. It is also intended to assess whether further changes should be made to improve the speed and amount of returns for unsecured creditors, without impairing the provision of credit to business or consumers".