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Read the latest
news from the personal injury sector in the UK.
The Number of Claims Management firms to be slashed
by the Compensation Bill [22nd September 2006] From
November 2006 claims management firms will be invited to
apply for authorisation under the forthcoming Bill.
The licensing arrangement becomes mandatory by April
2007 and many firms are expected to fail the criteria or
simply not bother to seek regulation. Many are likely to
go out of business. The Government aim to "clean up"
the
compensation claims industry by introducing this
wide ranging piece of legislation. The much anticipated
Bill has caused much debate and there are concerns in
some legal quarters that the Bill does not go far
enough. More news will follow on the Bill as and when
developments occur.
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