1 June 2014

Government awards contracts to three companies to run tenancy deposit protection schemes

The Government has awarded contracts to three companies to run tenancy deposit protection schemes from 6 April 2007.

Computershare Investor Services plc will run the single custodial deposit scheme, with the Chartered Institute of Arbitrators providing the Alternative Dispute Resolution (ADR) service.

The Dispute Service Limited will run an insurance-based scheme

Tenancy Deposit Solutions Limited will run an insurance-based scheme, sponsored by the National Landlords Association and administered by Hamilton Fraser Insurance, which will be directed primarily at landlords. The Chartered Institute of Arbitrators will be the principal provider of ADR to the scheme.

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