Association of Professional Compliance Consultants

The body for compliance consultants who advise firms regulated in the UK.

The APCC is active in enhancing the professional standards of compliance consultants and is recognised as a trade body by the FCA and other regulators. This provides our members with significant benefits in terms of direct access to the Regulators as well as business leads.  The APCC often works in conjunction with the FCA to pilot or test new initiatives, and we also provide with valuable feedback on specific subjects as requested by them.

Association of Professional Compliance Consultants

Member login

Home › Forums › Current issues you are seeing in the industry › Time-barred complaint going straight to Court › Reply To: Time-barred complaint going straight to Court

23rd September 2020 at 12:07 pm #2941
Avatarjdart@dartcompliance.co.uk
Participant

This is happening in general insurance as well, where the customer knows the case is weak and the FOS would find in favour of the firm they are going to solicitors who know that PI insurers have no appetite for litigation. We believe this is the biggest risk following the FCA BI case decision and that an influx of legal claims which insurers settle out of court could put brokers out of business due to the excess payments under the policy. After all, 20 claimants settled with a £10k excess is £200k a broker will need to find!