Regulation fees paid by claims management businesses

Closed 23 Dec 2011

Opened 28 Oct 2011

Results Updated 5 Feb 2012

A total of fourteen responses were received.

We have decided that the main fee increases proposed for 2012-13 should be implemented. From 1 April 2012 the application fee will be increased from £750 to £950.  The lower cap for the maximum fee payable will be raised to £17500 and the higher cap to £30000.

We will hold the proposal to further align the caps (and increase to the lower cap) in 2013/14 for further review in the 2013/14 fees consultation. We do not intend to take forward the proposal that all businesses will be required to provide an audited statement of turnover during future annual fee renewal exercises.

Files:

Overview

Reference number: CP 20/11

This consultation seeks views on the fees for applications for authorisation and annual fees for the regulation year 1 April 2012 to 31 March 2013. It also seeks initial views on all businesses providing an audited statement of turnover when requested during the annual fee renewal exercise.

This consultation is primarily aimed at persons authorised to provide regulated claims management services in England and Wales under the Compensation Act 2006 and those businesses and individuals contemplating making an application for authorisation.

Audiences

  • Businesses
  • Claims management services

Interests

  • Claims management