Seven out of 10 Claims Management Companies (CMCs) contacted by the FCA in a recent intervention have halted unregulated claims activity.

The Financial Ombudsman Service is considering charging Claims Management Companies fees of up to £650 per case to help cut down on the tide of speculative claims that can clog up the service.

Along with 2,500 other people, I was fortunate enough to attend the Personal Finance Society’s long-awaited Festival of Financial Planning this week. 

I suspect most Financial Planners roll their eyes these days when they read on Financial Planning Today about another advice firm declared in default by the Financial Services Compensation Scheme.