Last checked at 17 Nov 2016 08:20
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 £1,000 to £5,000.
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 Russell Atkinson (CEO) Steve Dolton (CFO)
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Investec Bank plc (NOMAD & Broker) Garry Levin David Flin James Ireland David Anderson William Godfrey
| Tel: +44 (0) 20 7597 5970 |
FTI Consulting (Financial PR) Oliver Winters Alex Beagley James Styles | Tel: +44 (0) 20 3727 1000 |
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.