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Compensation Act 2006
This Bill is part of the government’s attempt to tackle the growing “compensation culture” in the UK.
The Compensation Bill will “discourage false perceptions that compensation is available for any untoward incident” and to ensure that invalid claims are “discouraged and resisted.”
Unscrupulous claims management companies will no longer be able to exploit the public when they are considering claiming for compensation said the Constitutional Affairs Secretary and Lord Chancellor, Lord Falconer.
"It is time to put the brakes on the cowboy claims companies who take advantage of the public. Responsible firms are suffering from the reputation of the mavericks and give good claims management companies a bad name."
Lord Falconer added:
"Effective regulation will give people confidence that when they deal with any of these companies that they will not be ripped off. It is also essential to ensure that those considering a claim get the reliable, accurate advice about whether it is likely to succeed or fail."
Progress
House of Lords
First reading: November 2 2005 (HC Bill 35)
Second reading: November 28 2005
Grand Committee:
Report stage: March 7 2006
Third reading: March 27 2006
House of Commons
First reading: March 27 2006 [HC Bill 155]
Second reading: June 8 2006
Standing Committee E:
Remaning stages: July 17 2006
House of Lords
Consideration of Commons Amendments: July 19 2006
Royal Assent: July 25 2006
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