UK claims managers face complaint fees after minister rejects industry plea

Quick Summary:

Siddiq rebuffed an appeal by the claims management industry association to abandon at least some of the proposed fees.

In recent months, the industry has seized on controversy over alleged mis-selling of car finance to bring tens of thousands of claims on behalf of consumers.

The FOS resolves consumer complaints against the financial services sector, such as mis-selling of payment protection insurance or car finance.

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Article Details

Author / Journalist: Alistair Gray

Category: MarketsFinanceInvesting

Markets: United States

Topics: Siddiq Management Consumer Claims Complaints Consumers Companies Cases Fees Bring Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:00:46 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 709 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23457281

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #3

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