CALL TODAY - 0114 266 4216

How and Why we brought the Fee Cap in early

3 February 2022

On 1st February 2022 we announced a change to our fees. This is due to the FCA fee cap that applies to all Claims Management Companies from 1st March 2022 and means a CMC can charge 15-30%, depending on redress band but cannot charge more than £10,000.

Not only have we been able to do this ahead of the deadline but we are able to offer a fee cap lower than the recommended maximum.

So how and why did we bring it in early?

We have worked very hard the past 12 months to look at how we could streamline our processes, whilst still providing the same quality of service. This meant investing in new technologies and systems and looking at where we could make changes that wouldn’t affect our service level standards. It was a challenge but like most challenges we’ve come out the other side better for it.

Especially as we’ve stayed aligned to our core values of keeping our fees low but the quality of our service high!

 

Then we thought – why wait?

We have the new systems up and running if we adopt it now, it means more of our future clients will benefit from the fee cap.

That’s actually the main reason we have welcomed this move from the FCA as it ultimately means more of the compensation money goes to ALL CMC clients!

Hopefully, it will also eliminate those CMC’s who give our industry a bad name by charging unnecessarily high fees which have no justification to the service being provided.

At the very least it’s going to mean their new clients aren’t going to be so out of pocket now.

It’s also great news that the SRA plans to follow suit and introduce a fee cap for Solicitors operating in the claims management sector, though how many will remain in the game with a substantially reduced profit margin is going to be interesting to see.

Either way all this is good news for consumers.

 

So, what’s our new fee?

Even as a company who has had one of the lowest fees in the industry for years, we still wanted to do more than just comply.

We wanted to provide a simple flat rate fee, up to our fee cap, so it’s easier for new clients to understand how they will be charged. We also wanted to make it as affordable as we could.

So, our fee is still 15%+VAT on the total amount offered for a successful claim – for all redress bands – but is now capped at £7,500 + VAT.

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.