Financial experts expect a mass of PPI claims to be opened in the coming months

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Financial experts and companies who specialise in handling compensation are preparing for a wave of PPI claims to be opened in the near future. The PPI scandal has been a highly complained about topic for the last few years, continually topping the charts as most complained about product. It is expected that another abundance of… Read more »

PPI refunds are not only for those who have been mis-sold the product

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Money Saving Expert’s founder Martin Lewis has reported that PPI refunds are not only to be received by those who were mis-sold the product, meaning that many more people who have previously purchased PPI could have grounds for claiming back their rightfully owed money. Lewis has proclaimed that not only are people owed their money… Read more »

Brexit forces banks to set aside extra money for PPI claims

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Following the Brexit vote, banks such as Barclays have reported that the bond-trading division, which specialises in buying and selling loans, has seen a profit increase of around 40%. Brexit has motivated a surge of activity in the financial world, because the future is unknown in regards to the coming value of markets and interest… Read more »

Could Banks Fail to Recover From PPI?

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The payment protection insurance could continue further than the predicted 2019 deadline. The FCA has held back its decision on the deadline, which means further PPI provisions for banks. Bank share prices fell after the FCA’s announcement of the delayed decision. UK banks currently have £40bn set aside for PPI and they have only so… Read more »