Claims management companies targeted by Compensation Bill

The Bill sets out the proposed legislative framework for the regulation of claims management services and “will provide for regulation that is effective, proportionate to the risk involved, and creates the minimum burden necessary,” says the Parliamentary Under Secretary of State for Constitutional Affairs, Baroness Ashton of Upholland. IFAs who are concerned about possible litigation should feel reassured because the Bill contains provisions on the law of negligence which “takes the social value of activities into account and they will not be found liable if they adopt reasonable standar...