This week’s top comment came from Terry Arch, with his response to the article: FCA to consider allowing private legal action against firms which break principles.
Arch said: “I think I will change from being a mortgage broker to a claims management company.
“[This is] another flood gate opened. It looks as though the Financial Conduct Authority (FCA) wants to open the door to all and sundry who fancy a pop at the financial services industry.
“I am sure that most brokers actually use a duty of care with their clients, otherwise they would be out of business as most business comes from referrals.”