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New rules for claims management firms from today - MSE News
Former_MSE_Naomi
Posts: 519 Forumite
Unhappy customers who have used claims management firms will be able to escalate their complaints to the financial ombudsman from today, as the sector will now be regulated by the Financial Conduct Authority...
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'New rules for claims management firms from today'
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'New rules for claims management firms from today'
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Comments
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If anyone wants to make a complaint about a claims company, I will be happy to post their complaint for them, for 20% plus VAT of any compensation.0
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With the deadline for PPI complaints now only five months away, this is the epitome of slamming the door after the horse has already bolted.
However, it's still to be applauded that it's finally happened..0 -
CMCs are in for a shock. The FCA is far harder than the Legal Ombudsman. Although it usually takes many many years for the FCA to catch up with bad companies.
Sadly, the FCA are only going to be light touch regulating them.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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