Tag Results
Smaller CMCs ‘hit hardest by market changes’
Friday, 1 August 2014Smaller claims management companies (CMCs) have been hit hardest by market changes such as the ban on referral fees, it has emerged.
Tags: claims management companies, claims management regulator, referral fees
Posted in Latest news, Regulation
65 CMCs warned over referral fee ban compliance in first quarter of 2014
Wednesday, 9 July 2014The Claims Management Regulator has warned over 65 claims management companies about their compliance with the referral fee ban in the first three months of this year, it has emerged.
Tags: claims management companies, claims management regulator, mystery shopping, referral fees
Posted in Latest news, Regulation
Division of claims complaints costs unfair, says First4Lawyers
Monday, 9 June 2014The Ministry of Justice proposals on how the Legal Ombudsman’s costs for handling complaints against claims management companies are recovered disproportionally penalises those working in personal injury, a leading marketing collective has argued.
Tags: claims management companies, CMC, Legal Ombudsman, LeO, personal injury
Posted in Latest news, Legal Ombudsman
NAH goes public and outlines major growth ambitions
Friday, 30 May 2014Trading in shares in National Accident Helpline (NAH) began on AIM yesterday as it emerged that Minster Law – the major claimant practice owned by insurance group BGL – is taking 15% of potential clients the company receives.
Tags: claims management companies, CMC, personal injury
Posted in Latest news, Market monitor
CMCs continue to deluge Financial Ombudsman with PPI complaints
Wednesday, 21 May 2014The message that consumers do not need to use claims management companies to make complaints about mis-sold payment protection insurance is not getting through, the Financial Ombudsman Service admitted yesterday.
Tags: claims management companies, CMC, PPI
Posted in Latest news
CMCs to pay up to £40,000 each to benefit from Legal Ombudsman
Wednesday, 14 May 2014Claims management companies will have to pay a separate ‘Lord Chancellor’s complaints fee’ of up to £40,000 on top of their annual regulation fee with the shift in complaints handling from the Ministry of Justice to the Legal Ombudsman.
Tags: claims management companies, complaints
Posted in Latest news, Legal Ombudsman, Regulation
Specialist ABS secures £150,000 from regional growth fund
Tuesday, 6 May 2014The North East Growth Fund (NEGF) is investing £150,000 in one of the country’s most specialised ABSs to pay for systems upgrades and new staff training provision.
Tags: ABS, Alternative business structures, claims management companies
Posted in Alternative business structures, Latest news, Market monitor
Underdog no more – National Accident Helpline targets £100m AIM float
Wednesday, 30 April 2014Leading claims management company National Accident Helpline Limited has announced its intention to float on AIM, in a move which it hopes will value the business at £100m. The IPO is expected next month.
Tags: claims management companies, CMC, personal injury
Posted in Latest news, Marketing & PR
Referral fee ban “cutting nuisance calls” as government targets further CMC crackdown
Tuesday, 1 April 2014The referral fee ban has reduced the number of nuisance calls made to potential personal injury claimants, the government has claimed. It is also looking to increase its powers over claims management companies yet further so that it can fine them up to 20% of their turnover.
Tags: claims management companies, personal injury, referral fee ban
Posted in Latest news, Marketing & PR
LeO bids to slash cost per case and ring-fence CMC complaints
Tuesday, 1 April 2014The Legal Ombudsman has revised its target costs for resolving complaints downwards for the next financial year, which if achieved would be almost 20% lower than a year ago.
Tags: claims management companies, Legal Ombudsman, Office for Legal Complaints
Posted in Latest news, Legal Ombudsman, News