We are proud to announce that, in February 2020, both Praetorian Legal and Mercantile Claims have been granted ‘full authorisation’ under the Financial Conduct Authority’s (“FCA”) new role as the UK’s Claims Management Regulator.

Since 31 March 2019, when the FCA took over the task of regulating Claims Management companies from the Ministry of Justice, anyone applying for FCA authorisation was granted ‘temporary permission’ to undertake Claims Management work, pending full authorisation.  Any company failing to fulfil the FCA’s robust vetting and checking process will not be fully authorised and will lose their temporary permission status, preventing them … Read more

The Financial Conduct Authority has published proposals for changes to its mortgage sales requirements which will give consumers more choice in how they buy a mortgage.

The proposals are one part of a package of remedies from the Mortgages Market Study, published earlier this year, which aims to encourage innovation and make it easier for customers to find the right mortgage.

The FCA identified a number of ways its advice rules are acting as a barrier to the development of new tools, which helps customers choose and buy a mortgage and the consultation today, is designed to address the problems … Read more

Here at Praetorian Legal we represent many owners of holiday products with Heritage Resorts, whose main point of contact is a Mr Norman Anderson. In fact, Norman Anderson appears to be the only point of contact at Heritage Resorts.

Following on from our press release on the 17 November 2017, which can be seen here, we highlighted the way in which of Heritage Resorts and Norman Anderson operate.

A cursory search of the term ‘Norman Anderson Heritage Resorts’ in Google will provide an insight into the sort of man that Mr. Anderson is. He is often … Read more

As highlighted in the 2017/18 business plan, the FCA (“Financial Conduct Authority”) are concerned that there may be a lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry. They will conduct an exploratory piece of work to identify who uses these products and assess the sales processes, concentrating on whether the products cause harm and the due diligence that firms undertake before providing motor finance.

Since publishing their 2017/18 Business Plan, the FCA have continued their work to identify potential areas of consumer harm in the motor finance market.

The majority of new car … Read more