Legal
PIMFA welcomes Financial Conduct Authority ban on Claims Management ‘phoenxing’
PIMFA has welcomed announcement from the Financial Conduct Authority that the practice of firms ‘phoenixing’ into claims management companies will be banned from 7 July 2022. ‘Phoenixing’ is a particularly unpleasant practice that sees claims management companies created from the ashes of failed financial services firms and then target and…
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