NAHL Group PLC Initial Response to Government Consultation (4399P)
17 November 2016 - 7:20PM
UK Regulatory
TIDMNAH
RNS Number : 4399P
NAHL Group PLC
17 November 2016
17 November 2016
NAHL Group PLC
("NAHL" or the "Group")
Initial Response to Government Consultation Announcement
NAHL (AIM: NAH), the leading UK marketing and services business
focused on the UK consumer legal market, notes the publication
today by the Ministry of Justice (MoJ) of a consultation regarding
Personal Injury ("PI") claims following the comments made in the
Autumn Statement of November 2015. The Government's proposals seek
to restrict the ability for sufferers of minor whiplash injuries to
claim compensation and to raise the upper limit for the small
claims court for personal injury claims from GBP1,000 to
GBP5,000.
NAHL, through National Accident Helpline ("NAH"), the Group's PI
division, has been fully supportive of the Government's work in
tackling insurance fraud via its involvement in the Insurance Fraud
Task Force and we welcome the increased clarity the consultation
will bring, which, from an initial review, we believe to be in line
with the Group's expectations. The Group will now be reviewing the
content of the consultation in detail and responding
appropriately.
The Group has continued to plan for a range of potential
outcomes and remains committed to providing high quality advice,
support and access to justice for genuine claimants. As announced
at the Group's Interim Results, we have been building closer
relationships with our key Panel Law Firms, and expect that the new
regulatory environment will give us the opportunity to play a more
pro-active role in the entire conduct and financing of a PI case in
the medium to long term. The Group is currently trialing an initial
small proportion of our enquiries through different commercial and
structural arrangements to those we normally deploy and will
provide an update on this initiative at the Group's full year
results.
For further information please call:
NAHL Group plc via FTI Consulting
Russell Atkinson (CEO) Tel: +44 (0) 20
Steve Dolton (CFO) 3727 1000
Investec Bank plc (NOMAD Tel: +44 (0) 20
& Broker) 7597 5970
Garry Levin
David Flin
James Ireland
David Anderson
William Godfrey
FTI Consulting (Financial Tel: +44 (0) 20
PR) 3727 1000
Oliver Winters
Alex Beagley
James Styles
Notes to Editors
NAHL Group
NAHL Group plc is a leading UK consumer marketing business
focused on the UK legal services market. The Group comprises three
companies: National Accident Helpline (NAH), Fitzalan Partners
(Fitzalan) and Bush & Company Rehabilitation (Bush). NAH
provides outsourced marketing services in the personal injury
market, Fitzalan, which includes Searches UK a leading conveyancing
search provider, provides marketing services in the property market
and Bush provides a range of specialist services in the
catastrophic injury market.
More information is available at www.nahlgroupplc.co.uk and
www.national-accident-helpline.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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