Comment: The real impact of the PPI claims deadline

Statistics from Britain's Financial Conduct Authority (FCA) reveal that over 4 million consumers have made complaints to financial institutions in 1H2018. It is believed that this figure has been impacted by the looming Payment Protection Insurance (PPI) claims deadline. Set for 29 August 2019, consumers now have just ten months to make a complaint to their bank. Yaakov Smith explains the significance of the impending deadline. It is estimated that 64 million PPI policies were sold in the UK, but it's not known how many of these were mis-sold. PPI claims accounted for 42% of all the comp...