View more on these topics

MoJ suspends claim chasers Cartel Client Review

The Ministry of Justice has suspended the authorisation of Cartel Client Review Ltd.

The MoJ, which regulates claims management companies, previously confirmed it was investigating CCR.

It says as a result of the investigation the firm has been suspended and can no longer carry out any claims management services.

The MoJ says it will be “monitoring the situation and considering next steps that may be appropriate”.

A solicitor used by CCR was shut down by the Solicitors Regulation Association earlier this month.

Richard Burley of Consumer Credit Litigation Solicitors in Manchester operated out of the same office complex as CCR.


Vanbrugh fund off to flying start with deft choices

Hawksmoor Investment Management’s Richard Scott and Daniel Lockyer have attributed the first year’s performance of their Vanbrugh fund to asset allocation decisions. The fund is second out of 144 funds in the IMA cautious managed sector in its first first year, at February 18. It returned 41.5 per cent compared with the sector average of […]

People on the move: Distribution

Towergate Financial has appointed Steve Petrie as a director in its private client business. He was the owner of City IFA Alexander William. Cavendish Asset Management has appointed Tyrone Long as sales manager as part of its expansion programme in the retail market. He has over five years of financial service sales management experience, having […]


News and expert analysis straight to your inbox

Sign up


There are 20 comments at the moment, we would love to hear your opinion too.

  1. At last action is being taken against the parasites and the hangers-on. For every £1.00 that is written off the rest of us are penalised through higher costs and interest rates. Is sanity rearing it’s head at last?

  2. Carl Wright was struck off by the FSA some years ago how did he ever get regulated in the first place?
    A big proportion of Cartel’s business was to reclaim redemption penalties on paid up mortgages when there was no clear legislation!!!

  3. Hallejuah – There is a lord after all

  4. my wife had a claim with cartel 2yrs ago and still waiting after paying over £600 for 2 claims and we find it shocking that this company was able to do this. thankyou cartel

  5. The actions of Cartel would make anyone think it was run by a CON Artists. Surley not Mr Lord King of the Poerganda Wright.

    All the best Garry

  6. While their tactics may have caused concern the thrust of what they were seeking to achieve was laudable.The parasites are the banks who leach off customers and have been poorly protected despite the plethora of so called consumer credit legislation.Until there is redress for this CCR and their peers have a cause to pursue,not helped by the OFT getting their case rejected by the Supreme Court as they brought action on the wrong basis.Not very TCF eh!!

  7. It’s about time, this type of operation makes my toes curl.

    If you run up a debt you should pay it off yourself, not try and wriggle out on some small print and leave the rest of us to foot the bill through raised premiums elsewhere.

  8. I know a mortgage broker who was going round all his Northern Rock mortgage clients telling them he could get them all their mortgage interest payments back. All they had to do was pay a fee upfront on their credit card, so if it didn’t work then they could claim the money back of their credit card.
    This is the type of unprofessional so called advisers that need to be rooted out.

  9. Thats good, but I see no sign of the hefty fines that the IFA community are normally subjected to when we get it wrong.

  10. How some of these Companies were ever allowed to trade is beyond me. Many “ambulance chasing” endowment claims were based on standard paragraphs, making many claims at best questionable and at worst fraudulent. What other sector of society would be allowed to make a claim based sometimes on fabricated information?

  11. it is just a shame for those poor deparate people who will have paid fees upfront to Cartel who will never get them back again.

    How did the Moj ever Authorise this business in the first place?

  12. Remember these mate?

  13. If the badly crafted Consumer Credit Act 2008 had not raised the spectre of retrospective judgement this grubby little company would never have existed. Another fine pice of legislation.

  14. Can anyone spot the Cartel friend above?

    Is it true that Cartel are now operating under the guise of their debt management firm grass roots?

    I wonder if the MOJ will be stopping them too?

  15. Baron Bolligrew 19th March 2010 at 11:37 am

    I was gob-smacked when Cartel announced their ‘Client Review Service’…as their initial clients for claims were their own clients that they ahd set mortgages up for a few months before-hand when they were Cartel Mortgages!
    So, yes, it is laudable when companies attempt to fight the vultures that prey on the weak but laughable when the poacher turns game-keeper and pretends to be ‘holier than thou’.

  16. Pinto Potts Solicitors are offering free legal advice to people affected by the closure of Cartel and CCLS.

  17. Why hasn’t anyone looked into the very dodgy background of the Cartel Group? If this was public knowledge, the public would be a lot better off!!

  18. Guys, I know you won’t print this but will you get one of your reporters to look into Carl Wright’s history? If that isn’t of interest to the industry I don’t know what is!

  19. At last,mabey the parasites that would sacrafice their dignity in order to stich people up will get out of the industry and let advisors do their job after all their were very few people who did not know of cartels reputation but went in business with them to make a quick buck.

  20. Absolutely shocking that people paid upfront for this service. I was a victim but if only for hine-sight. I have now passed my details on to who have taken on the claim on a no win no fee.

Leave a comment