Former IFA Defence Union chairman Evan Owen is moving into claim management.
The Ministry of Justice, which regulates the claim management sector, authorised Owen last week. He says he was prompted to enter the sector after getting requests for help from IFAs on claims they wanted to bring on behalf of new clients.
He says: “I had an increasing number of IFAs asking me to deal with complaints they were coming across when they took on new clients, where banks and other firms had done a really terrible job.
“There are very few IFAs who hold the relevant Ministry of Justice authorisation to carry out claim management activities, so to begin to even look at helping the IFAs who contacted me, I needed to apply for authorisation.”
Owen says he has not set up a claim management company and will operate as an individual for the time being.
Owen was chairman of the IFA Defence Union between 2004 and 2009, before leaving to concentrate on his work as a regulatory consultant.