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

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 client with any potential claims - even if they do so free of charge. Claims management activity will become regulated by the FCA from 1 April 2019 - a development expected to cost the financial watchdog some £16.8m to set up and deliver.  When the greater regulator scrutiny comes into effect, Searle said, a number of things could land an adviser in trouble if they do not have the prope...