Ken Davy: Ambulance chasers should hit the road
13 Apr 2016
Tougher regulation and FCA oversight will make it harder for claims management companies to prey on ignorant consumers.
Life is about to get a whole lot tougher for the claims management companies (CMCs) and the people who run them, or as most financial advisers refer to CMCs, the ‘ambulance chasers’.
As a result of the Budget, they are to be more highly regulated and their oversight is moving from the Ministry of Justice to the Financial Conduct Authority.