Comment: The real impact of the PPI claims deadline

clock • 3 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Comment