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Major concern for managing agents as new legislation opens floodgates for historic claims A top UK property litigation lawyer is warning managing agents that leaseholders are likely to pursue historic cases following new Financial Conduct Authority (FCA) leasehold buildings insurance reforms. “Claims may go back as far six years as a minimum, and in some cases, it could be 12 years,” explained Glover. “Which means we’re talking very significant sums of money. He added: “The FCA has said it expects brokers to cease paying commission to third parties – including property managing agents and freeholders – where they do not have appropriate justification and evidence for doing so in line with the FCA’s rules on fair value.