More than 900 ambulance-chasers now regulated by FCA

'Consumers protected from cowboys'

Hannah Godfrey
clock
"The new regime will mean customers will be protected from claims management cowboys and get a better deal" - the FCA's Jonathan Davidson
Image:

"The new regime will mean customers will be protected from claims management cowboys and get a better deal" - the FCA's Jonathan Davidson

Claims management companies (CMCs) are to be subject to stricter rules and regulations now the sector's time under the FCA's regulatory umbrella has begun today (1 April).

More than 900 CMCs have registered for temporary permissions - meaning firms are expected to comply with Financial Conduct Authority (FCA) standards and could face action if they do not - to continue operating...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA to review advisers' capital requirements

FCA to review advisers' capital requirements

Part of consumer investment strategy

clock 06 December 2021 • 4 min read
Megan Butler of the FCA

FCA's Megan Butler to step down from exec role

Stephen Braviner Roman to join

Pedro Gonçalves
clock 06 December 2021 • 2 min read
FCA clamps down on Appointed Representatives in fresh consultation

FCA clamps down on Appointed Representatives in fresh consultation

Require stronger oversight by principals

clock 03 December 2021 • 4 min read