New claims rules leave advisers open to FCA sanction, warns solicitor

Regulatory change from 1 April

Hannah Godfrey
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"The reality is that advisers will not safely be able to do much in connection with their clients’ claims without obtaining the relevant permissions" - Clarke Willmott's Stephen Searle
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"The reality is that advisers will not safely be able to do much in connection with their clients’ claims without obtaining the relevant permissions" - Clarke Willmott's Stephen Searle

Financial advisers assisting clients with compensation claims could soon face sanction from the Financial Conduct Authority (FCA) if they do not have the required permissions in place, a solicitor has warned.

Clarke Willmott partner Stephen Searle has highlighted that, when claims management activity becomes regulated by the FCA later this year, advisers could find themselves in trouble for trying to help a...

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