Discretionary Commission Arrangement (DCA) - Black Horse repsonse

justincm

All 5 my agreements with Black horse had DCA......... Used the MSE template, no fees for 3rd party claims company should I get anything back....

TheSpectator

Depends on the outcome of the FCA review next year.

Nasqueron

TheSpectator said:

Depends on the outcome of the FCA review next year.

To be fair, OP said just that - IF they get anything back, OP just reminding people not to use claims firms

As ever, the FCA need to decide if there was mis-selling and if so, what level of refund, if any, applies. Also subject to the legal challenges over the initial cases. Plus of course not all DCA was negative, I would be amused if customers who jumped on the bandwagon and found out they had positive DCA were asked to pay it back

DullGreyGuy

Nasqueron said:
 I would be amused if customers who jumped on the bandwagon and found out they had positive DCA were asked to pay it back

Would be amusing but won't be happening. The issue is customer detriment which clearly doesn't occur if the customer gets to pay less