Blog Category: mis-sold PPI
New figures released by the Financial Conduct Authority (FCA) show that, more than a decade after the first warnings were sounded about the PPI scandal, more than 3.3 million consumers made a new complaint in 2018.
Britain’s financial watchdog has warned insurers about over-charging and selling inappropriate products as it tightens the rules on the way insurance is sold in the UK.
Thousands of Brits could be owed hundreds of pounds by the taxman after having a successful PPI claim.
This month’s Top 20 payouts from Gladstone Brookes are good examples of how much money is payable on just a single claim with no fewer than 9 out of 20 receiving compensation on a single policy.
Huge jump in PPI payouts
Figures released by the Financial Conduct Authority (FCA) show a massive £72.7 million increase in the amount of PPI compensation paid out in January over the figure for December last year.
Figures just released by Barclays show that they expect to pay another £900 million in PPI compensation.
The Financial Ombudsman Service (FOS) upheld 93% of complaints against TSB in 2018 following its IT meltdown in April.
Financial experts are beginning to suggest that standard variable rate mortgages may take over from PPI after the claims deadline of August 29th.
With just six months to go before the PPI deadline on August 29th, millions of potential claims remain to be made with banks setting aside billions of pounds to cover potential pay-outs.