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Engineers at the National Composites Centre (NCC) have manufactured Ceramic Matrix Composites (CMCs) using Automated Fibre Placement (AFP) technology. ....
Financial Conduct Authority FCA Proposes CMC fee price cap The Financial Conduct Authority (FCA) has published proposals to introduce a price cap on the fees claims management companies (CMCs) charge their customers in relation to claims for financial products and services. Some consumers currently pay fees of more than 40% of the redress they receive. The proposed cap restricts this, and will mean CMCs won’t be able to charge more than 15-30% depending on how much redress a consumer is due. This will see some consumers saving several thousand pounds on the fees they pay to CMCs. The cap will apply to all claims where a consumer is awarded monetary redress, apart from PPI claims which are already subject to a cap set by Parliament. ....
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. ....