Editor’s Column: Phoenixes need to be shot down

 

Whenever I hear of a new regulatory initiative designed to crack down on rogues or bad practice I always resist the temptation to cheer straightaway.

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40 CMC phoenixing complaints in 1 week - PFS

The Personal Finance Society says it has received up to 40 complaints in 1 week about CMC ‘phoenixing.’

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FCA proposes CMC fee price cap

The Financial Conduct Authority (FCA) has proposed a price cap on the fees claims management companies (CMCs) charge their customers in relation to claims for financial products and services.

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John Moret: Why CMCs threaten growing number of firms

The news announced last week that Liberty SIPP Limited had entered administration should have come as no surprise following recent determinations by the Financial Ombudsman (FoS).

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