Regulator set to cap 'excessive' CMC fees Maximum 30% of redress Sheldon Mills: "We estimate that the proposed cap on fees could save consumers around £9.6m a year." Claims management companies (CMC) will have their fees capped at a maximum of 30% of the customers' redress under plans outlined by the Financial Conduct Authority (FCA). The regulator said today (21 January) some consumers currently face charges of more than 40% on the redress they receive via claims management outfits. It said the proposed cap would mean firms would... Sign In To read this story please register PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.