Claims Management Companies and Financial Services Complaints

7th February 2014

The Financial Services Compensation Scheme (FSCS), Financial Conduct Authority (FCA), Financial Ombudsman Service (FOS) and the Ministry of Justice (MoJ) have produced a joint note outlining the role of claims management companies (CMCs). The note is designed to assist consumers, financial businesses and CMCs to understand the role CMCs play in the complaints process.

 

Jargon Buster

  • FCA

    The Financial Conduct Authority is the UK's regulator for the financial services industry. 

  • FOS

    Financial Ombudsman Service, for complaints or claims against firms that are still trading.