Belmont Thornton Logo
PPI Claims - About PPI

PPI Claims against GK Group Limited

PPI Claims News

The Financial Services Authority (FSA) has today imposed fines totalling more than £175,000 on five motor retailers for serious breaches relating to the sale of Payment Protection Insurance (PPI), which exposed a total of 2,175 customers to the risk of being sold unsuitable PPI policies.

GK Group Limited, George White Motors Limited, Ringways Garages (Leeds) Limited, Ringways Garages (Doncaster) Limited and Park's of Hamilton (Holdings) Limited sold PPI alongside loans for a car or motorbike.

Among the shortcomings identified:

• the firms failed to gather enough information about each customer (including pre-existing medical conditions, existing insurance cover and benefits received from employers), creating the unacceptable risk of unsuitable sales of PPI;

• the firms failed to monitor the quality of the advice given by sales staff and to ensure that appropriate sales processes were followed; and

• one firm did not adequately assess whether customers were eligible to claim for benefits from the PPI policies they sold, and another did not assess complaints properly.

Margaret Cole, FSA Director of Enforcement, said:

"Motor retailers that sell PPI have to meet the same standards as the rest of the financial services industry. All firms selling PPI must treat their customers fairly, including taking proper steps to make sure sales are suitable and customers are eligible to claim on the policy - PPI remains a top priority for the FSA in 2008 and beyond.

"Where we discover PPI failings, we will not hesitate to take tough action and impose higher penalties."

Each of the firms qualified for a 30% reduction in penalty by settling at an early stage of the FSA's investigation. The FSA imposed financial penalties of £51,100 on GK Group Limited (£73,000 pre-discount), £28,000 on George White Motors Limited (£40,000 pre-discount), £61,600 on Park's of Hamilton (Holdings) Limited (£88,000 pre-discount) and £35,000 together for Ringways Garages (Leeds) Limited & Ringways Garages (Doncaster) Limited (£50,000 pre-discount).

Some of the firms have stopped selling PPI as a result of feedback from the FSA's visit. The FSA also took into account improvements made by the firms including writing to all affected customers and paying compensation where appropriate, reviewing sales processes and taking steps to develop their sales staff. The firms fully co-operated with the FSA's investigation.

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Latest Fines


HFC
£1,085,000
Egg
£721,000
GE Capital Bank
£610,000
Loans.co.uk
£455,000
Land Of Leather
£210,000
Capital One bank
£175,000
GK Group
£51,100

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.justice.gov.uk/claims-regulation number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide