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The Ministry of Justice (MoJ) is meeting an IFA to hear his concerns over claims management companies (CMC) after he said they were unfairly targeting adviser firms.
Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.
Advisers have criticised the Ministry of Justice (MoJ) for failing to protect firms from invalid mis-selling cases levelled by claims management companies (CMCs).
Other claims handlers articles
The Ministry of Justice (MoJ) has shut down about one in five claims management companies (CMCs) over the past year, in many cases following complaints from consumers.
Claims have been seen as the Cinderella of the protection world. But as Karin Lloyd points out, that is about to change
The Investment and Life Assurance Group (ILAG) has warned that increased publishing of decisions made by the Financial Ombudsman Service (FOS) could be a boon for claims management companies (CMCs).
A new report has called for radical changes to the claims process for life, critical illness and income protection plans.
Claims management firms (CMCs) have 'exploited' payment protection insurance (PPI) complaints, according to the Financial Ombudsman Service's (FOS) legal director.
Does the external rating of products add value and what can advisers use them for? Ben Heffer explains
Medicals Direct has claimed there is a lack of investment in the Claims function within the UK protection industry.
Canada Life has reduced the qualifying premium for group income protection (GIP) policyholders to receive its additional claims management service (CMS).
I sold my client a family income benefit (FIB) plan which has subsequently been claimed on. However, I was surprised to discover that the provider convinced my client to take the benefit as a lump sum instead. Should the adviser be informed about this part of the process, and why do providers do it?
Aviva is now accepting faxed and emailed copies of application and claims forms for its international private medical insurance (IPMI) offering.
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