If you choose to use a CMC, they may:

CMCs should also be able to let you know the likelihood of your claim being successful. If it’s unlikely to succeed, they should tell you.

Some CMCs may only act as lead generators. A lead generator identifies any possible claims you may be able to make, and then refers you to other CMCs or lawyers who may be able to help you.  

Make sure the CMC is authorised

CMCs must be authorised by us if they provide services for claims concerning:

But some CMCs, or other firms that provide claims management services, are regulated by a legal regulator instead. The legal regulators are:

If you use a CMC, make sure they’re authorised by us, or one of the other legal regulators by searching the:

CMCs might provide services on other types of claims (such as aviation), but those services aren't regulated by us. If you're contacted by a CMC that you believe isn't authorised by us or the legal regulators, please contact us[7].

Fees for using CMCs

It’s important to remember that, if you use a CMC, you’ll need to pay a fee. To make sure you get fair value for money, we introduced a cap to the fees you can be charged for financial services claims. 

For claims started on or after 1 March 2022, the maximum fee you pay will depend on the value of your claim. 

How much you're awarded Maximum % you can be charged Maximum fee you can be charged
£1 to £1,499 30% £420
£1,500 to £9,999 28% £2,500
£10,000 to £24,999 25% £5,000
£25,000 to £49,999 20% £7,500
£50,000+ 15% £10,000

If a lead generator is involved in your claim, they may also be paid a fee by your CMC or lawyer for passing on your case.

Watch: Using CMCs

Find out about financial services claims and using claims management companies.
FCA explains: Making financial services claims and using claims management companies

FCA explains: Making financial services claims and using claims management companies

Making a claim yourself

If you want to make a complaint or claim compensation yourself, you’ll have to follow the right process. If you’re concerned, organisations like MoneyHelper may be able to help you.

Read more about:

If your claim is about a pension, The Pensions Ombudsman[11] may be able to help. You can find more information about how to get compensation for a pension problem[12] from MoneyHelper.

Making other types of claims yourself 

What to expect if you decide to use a CMC

CMCs that are authorised by us must follow our rules. They must: 

They must not: 

Please check the individual legal regulators’ websites for information on what rules CMCs authorised by them must follow. 

Complaining about a CMC

If a CMC is authorised by us and you're unhappy with how it’s handled your case, find out how to complain[9].

If the firm is regulated by a legal regulator, visit the relevant website for information about making a complaint.

: Editorial amendment Page update as part of the website refresh
: Information changed Content updated to after publication of PS21/18
: Link changed Money Advice Service updated to MoneyHelper
: Link changed Broken link updated.
: Information changed Editorial and style amendments.


Source URL: https://www.fca.org.uk/consumers/using-claims-management-companies

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