| Compensation
claims made easy?
Opportunities for consumers to take on businesses they believe have
treated them unfairly and seek compensation in the courts could be
stepped up.
New regulations came into force in May giving UK consumers more
protection. The rules allowed agencies such as the Office of Fair
Trading (OFT), but not individuals, to take action against
businesses trading unfairly.
The government department says that consumers can already seek
compensation through common law for most issues in the new
regulations although they lacked a way for consumers to claim
compensation when businesses act unfairly.
"The Department for Business, Enterprise and Regulatory Reform has
failed to give consumers the tools they need to benefit from the
broad scope of the
regulations," a NCC spokesman said.
The government now wants the Law Commission to review the legal
issues for private redress. The move could potentially help people
who want to take businesses to the civil courts to ask for
compensation. This could cover a wide range of issues from
misleading statements by estate agents to aggressive
sales practices or debt collection.
In Ireland, a civil redress mechanism has been in place since last
year. Sadly, the UK was slow off the mark so a fully functioning
compensation system is still some way off. This new system would
increase consumer protection in the UK and provide the vulnerable
with the tools necessary to make
compensation claims against rogue traders. The Law Commission
had previously booked in the review for 2010.
As the means to gain compensation becomes more accessible it
highlights many concerns. Lloyd’s chairman Lord Levene has repeated
his warning that litigation is driving the emergence of a US-style
compensation culture in Europe. He said of the dilema at the Lloyds
360 debate this year, “The fact that 15 percent of companies have
seen lawsuits brought by regulatory authorities is perhaps also
indicative of change in the strategies of enforcement authorities –
who are increasingly willing to initiate criminal actions”.
The review of the April 2007 Compensations Act has also picked up on
the need to regulate the malpractice of the compensation claims
system. The review, according to the ministry of justice (MoJ) has
helped to regulate the industry. Within its first year, the review
has managed to achieve some success. Compensation advertising in
hospitals, cold calls, hard sell tactics and the unclear use of the
term “no win, no fee”, have all been removed or reduced. All claims
companies now have to register with the government. Within the first
year of the legislation, 52 out of 1,700 claims management companies
have been cancelled or suspended. Along with the Solicitors
Regulation Authority (the SRA) the ministry has focused it’s
energies on the rise in fraudulent claims where accidents were
contrived or induced. Claims management firms who do not register
with the relevant legal body, or who do not abide by the regulations
set out in the terms of their registration will be subject to an
investigation.
The new reforms are intended to increase consumer protection and
eliminate traders who partake in unfair and misleading strategies.
However, the changes
leave businesses and employers uncomfortable at the thought of being
on the wrong end of a contrived compensation claim. The increase in
claims has also resulted in a bizarre twist, as claimants now need
protection and
insurance
from unethical claims companies. Is the compensation claims system
really as easy as it looks?
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