Claims management companies (CMCs) may have to pay compensation to customers they have mistreated under government proposals to bring them within the remit of the Legal Ombudsman.
The Financial Ombudsman Service (FOS) has rejected calls from industry stakeholders for claims management companies (CMCs) to be charged FOS fees and levies.
A 74-year-old IFA has put his retirement plans on hold to contest a £250,000 mis-selling case levelled by a claims management company (CMC) - relating to advice given almost a quarter of a century ago.
Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.