PFS asks members to whistleblow on claims management cowboys

'Weed out rogue ambulance chasers'

Hannah Godfrey
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“Claims management companies must not be allowed to stray into regulated financial advice or encourage consumers to make speculative compensation claims when there is no evidence of poor advice" - PFS's Keith Richards.
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“Claims management companies must not be allowed to stray into regulated financial advice or encourage consumers to make speculative compensation claims when there is no evidence of poor advice" - PFS's Keith Richards.

The Personal Finance Society (PFS) has asked its members for any information they have on individual claims management companies (CMCs) that could be operating outside of regulatory rules.

The adviser body said it was time to "weed out rogue ambulance chasers who negatively impact public confidence and trust in financial services". The PFS is collecting a body of evidence of poor practice...

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