Tag Results
LeO investigations of CMCs climbs towards 5,000 as it is warned about impact of PI reforms
Monday, 30 January 2017The Legal Ombudsman has investigated almost 5,000 complaints about claims management companies in the two years since its jurisdiction was expanded to cover them. But it has been warned to expect a major influx of more complaints if the government’s personal injury reforms come to pass.
Tags: claims management companies, Legal Ombudsman, personal injury
Posted in Latest news, Legal Ombudsman
CMC fights off challenge from Lloyds over PPI advert
Wednesday, 30 March 2016Crystal Legal Services, a claims management company (CMC), has seen off a challenge from Lloyds Banking Group to one of its PPI adverts after three other CMCs had fallen foul of complaints by the bank.
Tags: claims management companies, PPI
Posted in Latest news, Marketing & PR
CMC loses licence after 40m nuisance calls in three months
Tuesday, 12 January 2016A claims management company which made 40m nuisance calls in only three months has had its license revoked by the Claims Management Regulator. Kevin Rousell, head of the CMR, said the firm “demonstrated the worst excesses” of the industry.
Tags: claims management companies, claims management regulator, Ministry of Justice, personal injury
Posted in Latest news
No end to flood of complaints about CMCs as total rises above 15,000
Wednesday, 6 January 2016The number of complaints to the Legal Ombudsman about claims management companies is gathering pace and passed 15,000 in the first nine months of 2015, it has emerged. LeO said almost half of the complaints were about fees.
Tags: claims management companies, Legal Ombudsman, personal injury
Posted in Latest news, Legal Ombudsman, Legal Services Board, Market monitor
Complaints about CMCs hit 9,000 after only six months, LeO says
Thursday, 5 November 2015The number of complaints about claims management companies received by the Legal Ombudsman in the first six months of this year has hit almost 9,000 – a far higher amount than expected. However the number actually investigated was lower than predicted.
Tags: claims management companies, Legal Ombudsman, PPI
Posted in Latest news, Legal Ombudsman, Regulation
Personal injury CMCs enjoy sharp rise in income to £310m as market stabilises
Tuesday, 14 July 2015The turnover of personal injury claims management companies (CMCs) bounced back 27% to £310m last year as the market began to “stabilise”, it has emerged. Applications by personal injury CMCs for authorisation from the Ministry of Justice also increased by almost two-thirds.
Tags: claims management companies, CMC, personal injury, referral fees
Posted in Latest news, Regulation
Osborne: CMCs face fundamental review and fees cap
Wednesday, 8 July 2015A “fundamental review” of claims management companies – along with a cap on the fees that they can charge consumers – was announced by Chancellor George Osborne in today’s Summer Budget.
Tags: claims management companies, personal injury, PPI
Posted in Latest news, Other lawyers
Only one solicitor sent to SDT over referral fee ban as large CMCs thrive
Tuesday, 9 June 2015Only one solicitor has been sent to the Solicitors Disciplinary Tribunal for breaching the ban on referral fees in personal injury cases, it has emerged. Meawhile, the head of claims management regulation said the “biggest CMCs are making more and more money”.
Tags: claims management companies, CMRU, referral fees, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
Only 4% of CMC complaints relate to personal injury work, LeO reveals
Friday, 5 June 2015Only 4% of complaints about claims management companies (CMCs) received by the Legal Ombudsman (LeO) relate to personal injury work, it has emerged, in the first release of figures since Leo began its new role.
Tags: claims management companies, Legal Ombudsman, personal injury, PPI
Posted in Latest news, Legal Ombudsman, Regulation
Number of personal injury CMCs falls below 1,000
Monday, 1 June 2015The number of personal injury claims management companies (CMCs) has fallen below 1,000, it has emerged, down from 2,300 at the start of 2013. Smaller CMCs have been hit hard by ban on personal injury referral fees, the cuts in portal fees and ban on inducements.
Tags: claims management companies, CMRU, Ministry of Justice
Posted in Latest news, Regulation