The regulatory body, the FCA, the FSCS and the Information Commissioner’s Office (ICO) have issued a joint statement, warning insolvency practitioners and FCA-authorised firms to be responsible when dealing with personal data.

The regulators say they have become aware that some firms have attempted to sell clients’ personal data to claims management companies (CMCs) unlawfully.

The statement warns that the terms and conditions within a standard contract are “highly unlikely to constitute sufficient legal consent” for personal data to be shared with CMCs to market their services and may not be lawful.

Any subsequent direct marketing calls, texts or emails carried out by claims management companies may also breach rules and regulations.

No doubt SIPP providers passing your details onto CMC’s are also in breach of those rules!

Beware Cold Callers

As we have stated many times before, don’t let the companies which have caused you financial losses benefit from your claim any further.

We don’t operate a cold calling call centre – we only act on instruction – therefore offering to carry out any work at a reasonable price.

Our advise: shop around for the best deals available or do it yourself!