PPI Claims - About PPI

PPI Claim News - 19/9/2012

 
Ombudsman is dealing with 'thousands' of PPI claims

The Financial Ombudsman Service (FOS) is dealing with hundreds and thousands of bank refunds, it has been revealed.

Chief ombudsman Natalie Ceeney told the Association of British Insurers' conduct regulation conference that the FOS is handling  disputes about "mortgage endowments, bank charges and payment protection insurance (PPI) - not to mention other systemic and large-scale problems".

So far, more than £10 billion has been earmarked for PPI refunds, with the average recipient receiving almost £3,000.

Ms Ceeney suggested that everyone who works in the financial services sector would currently agree that the behaviour of firms in the industry has fallen below the standards the public expects.

Brits are loudly demanding change in the sector, she suggested, pointing out a "litany of misselling scandals and fines" have taken place in the last 12 years.

Furthermore, many money lenders have been trying to prevent action being taken against them, the ombudsman remarked, arguing banks attempted to challenge the PPI guidance from the Financial Services Authority in the High Court around one year ago.

Jennifer Haines
Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801452385-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Quick Claim

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 Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx number 18273

Belmont Thornton Ltd. 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 Ltd 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 recorded and email traffic monitored for the purposes of security and 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