Bookmark Us
Register

Displaying items by tag: claims management companies

Tuesday, 05 December 2023 14:14

FOS plans to charge CMCs for bringing cases

FOS HQ in London

The Financial Ombudsman Service is considering charging Claims Management Companies fees of up to £650 per case to help cut down on the tide of speculative claims that can clog up the service.

Published in Articles
Tagged under
Read more...
Monday, 01 April 2019 11:46

900+ ambulance chasers enter FCA regulation today

FCA
The FCA began regulating the claims management industry from today. 
Published in Articles
Tagged under
Read more...
Tuesday, 19 March 2019 12:03

More than 600 ‘ambulance chasers’ register with FCA

FCA
The FCA has revealed more than 600 so-called ‘ambulance chaser’, or claims management companies (CMCs), have registered with the authority.
Published in Articles
Tagged under
Read more...
Tuesday, 21 August 2018 14:30

FCA says regulating ‘ambulance chasers’ to cost around £17m

Claims management companies: recovering the costs of regulation and the Financial Ombudsman Service
The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.
Published in Articles
Tagged under
Read more...
Tuesday, 05 June 2018 16:33

Claims management companies to be forced to disclose fees

Andrew Bailey
The Financial Conduct Authority has today published its draft rules outlining how it plans to regulate claims management companies (CMCs) when it takes over their regulation from 1 April 2019.
Published in Articles
Tagged under
Read more...
Wednesday, 23 May 2018 14:34

Ambulance chasers turning attention from PPI to SIPPs

Paul Gair
The AMPS conference in London yesterday featured a warning on the increasing proliferation of  ‘ambulance chaser’ companies seeking to press claims against SIPP providers.
Published in Articles
Tagged under
Read more...