FCA urges CMCs to raise advertising standards

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The Financial Conduct Authority (FCA) has said that claims management companies (CMCs) must do more to make sure that their advertising does not mislead potential customers.

It took over regulation of CMCs on 1 April of this year and detailed that it has reviewed over 200 CMC adverts in a variety of media and discovered that there is far-reaching poor-practice in CMCs.

Poor practice
Examples of bad practice according to the watchdog include:

Firms failing to identify themselves as a claims

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