The Financial Conduct Authority has refused RTC Management Solutions Ltd’s application to be authorised as it continues its crack down of claims management companies (CMCs).

The FCA has fined claims management company Crosfill & Archer Claims Limited £110,000 for making cold calls.

The Financial Services Compensation Scheme (FSCS) has welcomed the Financial Conduct Authority (FCA) consultation paper tackling phoenixing saying it will help “keep bad actors out of the market”.

The Financial Ombudsman Service (FOS) has received hundreds of complaints about the activities of claims management companies (CMCs) – so-called ‘ambulance chasers’.