The FCA has joined with the Solicitors Regulation Authority, Information Commissioner’s Office and the Advertising Standards Authority to tackle misleading advertising and inadequate information provided by some claims management companies.

The FCA says the standards of claims management companies (CMCs) are improving but there are areas where firms are not meeting its expectations.

The percentage of professional complaints about pensions and annuities to the Financial Ombudsman Service - including from claims management companies -  showed a surprise fall in the latest quarterly period, in marked contrast to a surge in professional complaints overall. 

The FCA has cancelled the Part 4A permissions of Manchester-based claims management company Domum Ltd (FRN 831104) after concluding that it was carrying on no regulated activity.