Claims management becoming FCA regulated – The impact on people’s roles

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It has been estimated that there were about 500 claims management companies (CMCs) when the Access to Justice reforms took effect and the UK saw the introduction of ‘no win, no fee’. By 2010 this had risen to around 3,300 and concerns were rising about the complex way in which CMCs charged for their services and the amount of hidden fees and charges. In April 2013 a ban on referral fees between CMCs, lawyers, insurers…

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Compliance Cubed Financial services is constantly changing - my passion is helping firms function effectively and in compliance with FCA regulation

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