View more on these topics

Problems in claims industry are down to lack of regulation

I was interested to read the article in which Blu Debt Management argued that claims firms had left clients and brokers worse off.

The claims industry is still fairly new. Many firms are trying to ensure the laws are interpreted correctly and that if a consumer has been disadvantaged by an unfair contract they should be able to challenge it. Problems have been caused by the Ministry of Justice giving licences too readily and not policing the industry enough.

There’s nothing wrong with charging fees if you provide the service. As this service involves a person’s finances there should be involvement from a regulatory body.

NAME AND ADDRESS SUPPLIED

Recommended

ANDY LEES, KEY ACCOUNT MANAGER, UINSURE

MPPI is providing shelter in the storm

Recent Council of Mortgage Lenders figures show mortgage arrears fell and repossessions were down in Q1 2010 to 9,800 from 10,600 in Q4 2009. Great, until you realise this works out at 110 a day. Meanwhile, unemployment has risen to 2.5 million – the highest number since December 1994. There is a fear that public […]

LETTER.jpg

Focus should be on money markets, not on sub-prime

I was interested to read on Mortgage Strategy Online about Moore Blatch’s call for nationalised banks to provide sub-prime mortgages, stating that if necessary the government should force them to offer such deals. The firm says that the number of those who would be classed as sub-prime is nearing one million. It argues that using […]

Newsletter

News and expert analysis straight to your inbox

Sign up