FCA sees 79 CMCs withdraw authorisation after FSCS tip off

Industry News | 21/05/20

A number of claims management companies have withdrawn their applications for authorisation after the Financial Services Compensation Scheme pointed out poor practice.
In an update from the FSCS, published this morning (May 21), the lifeboat scheme said it notified the Financial Conduct Authority after coming across “potential harm to consumers or levy payers from CMC activity”.

Source: FT Adviser