Comment & Analysis
PIMFA welcomes FCA plans to stop Claims Management Companies from ‘Phoenixing’
PIMFA has welcomed proposals from the Financial Conduct Authority that would ban claims management companies from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim; a practice known as ‘phoenixing’ . PIMFA has called for the practice of phoenixing to be banned for…
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