Household debt: statistics and impact on economy
This briefing provides statistics and forecasts for household debt, guidance on how to interpret debt statistics and analysis on how debt effects the economy.
Documents to download
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Claims management companies in the UK and their regulation (707 KB , PDF)
Claims management companies (CMCs) are currently regulated under the Compensation Act 2006 by the Ministry of Justice. There are about 3,000 such companies in the UK, most of which operate in the personal injury and financial services sectors. Consumer complaints are concentrated in the financial sevices sector. The note looks at the specific rules which apply to unsolicited text messages.
The Financial Guidance and Claims Act 2018 transfers regulation of CMCs to the Financial Conduct Authority from 2019. The FCA published a consultation paper on how it proposed to regulate the sector in June 2018.
Documents to download
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Claims management companies in the UK and their regulation (707 KB , PDF)
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