More than a year after the PPI claims deadline in August 2019 Gladstone Brookes has recovered almost £1 million± in PPI compensation for its clients in a single month.
A national newspaper is claiming the Britain’s banks are trying to block a wave of new PPI claims.
There is speculation that there might soon be another massive round of PPI payouts – this time based on the commission consumers were paying on the policies sold to them.
Gladstone Brookes clients are continuing to receive life-changing sums of money as compensation for PPI they were mis-sold.
Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.
Gladstone Brookes started the year strongly with the top 20 PPI compensation payouts totalling more than £617,000.
Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.
Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.
2019 was a landmark year for PPI with the much heralded claims deadline passing on August 29th.