Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 7/2/2012

 
Scottish Provident to pay out over payment protection claim

Scottish Provident has been ordered to pay compensation to one of its clients by the Financial Ombudsman Service thanks to a successful income protection claim.

The firm had initially refused a claim made by the individual, claiming that the client had simply misunderstood the terms of the policy, reports the Financial Times.

However, after a two-and-a-half year legal battle, Chris Hargreaves will finally receive payment for the periods 21 July 2009 to 19 September 2009 and 20 September 2009 to 31 January 2010.

Scottish Provident said that it would "abide by the decision of the Ombudsman" and claimed that the payment protection problem was an "industry-wide issue" that revolved around customer understanding.

The firm said the misunderstanding was only applicable to certain products.

A spokesperson for the firm added that the company would work with the Ombudsman and Mr Hargreaves to ensure that the full amount awarded is received.

"We wish Mr Hargreaves well for the future," they concluded.

A recent ABI report showed that the understanding of payment protection insurance (PPI) was low, with more than half of those questioned rating their knowledge as five out of ten or less.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801285871-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

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

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