Article preview: Claims managers could soon see their fees capped, following new regulatory proposals. The Financial Conduct Authority (FCA) has published its plans to cap the fees charged by claims management companies (CMCs) in respect of financial products and services. Without a fee cap in place, some CMCs are currently charging their customers more than 40% of the redress received.
Fee cap proposed for claims managers
This 471-word blog post looks at the Financial Conduct Authority (FCA) proposals to cap the fees charged by claims management companies. Written on 22nd January 2021.
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