There are numerous Organisation associated with the Financial Claims Management sector and the regulation of the sale of financial products. Claims for mis-sold financial products and the regulation of marketing, when Companies offer their services to manage a financial claim have caused a great deal of concern over recent years. There is an ever increasing need to enforce regulation and accountability for compliance; the Ministry of Justice (MOJ) are the regulator for Financial Claims Management firms which it authorises to carry out these activities and services.
Mis-sold PPI has highlighted the need for collaboration
Mis-sold Payment Protection Insurance (PPI) has highlighted the ever increasing need for these organisation to work together to improve how financial products are sold, how claims are managed on behalf of Consumers, how banks and the financial sector respond to ensuring that they have ‘access to justice’ without detriment.
See the below links for more information on organisations:
Ministry of Justice
Financial Ombudsman Service
Financial Services Authority
Financial Conduct Authority
Office of Fair Trading