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MSE News: £730.5 million paid out in PPI claims in May

"£730.5 million was paid out to victims of PPI mis-selling by lenders in May, says the Financial Services Authority..."

Comments

  • oldvicar
    oldvicar Posts: 1,088 Forumite
    Won't be long before all the PPI compo has been paid out.

    Time to get the next mis-selling bandwagon rolling. What do people think MSE should be campaigning about? Those nasty little 'over 50s plans' advertised on the telly by elderly TV personalities would get my vote.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 20 July 2012 at 10:20PM
    oldvicar wrote: »
    Won't be long before all the PPI compo has been paid out.
    Did you read the article?
    "pushes the total paid out since January 2011 to £4.8 billion.But with an estimated £9 billion of compensation due in total, the process still has a long way to go"
    So basically a bit more than half that put aside.




    oldvicar wrote: »
    Time to get the next mis-selling bandwagon rolling. What do people think MSE should be campaigning about? Those nasty little 'over 50s plans' advertised on the telly by elderly TV personalities would get my vote.
    This site has been campaigning about that injustice since as far back as 2010
    http://blog.moneysavingexpert.com/2010/10/18/beware-the-over-50-sun-life-axa-plan-it-often-pays-out-less-than-you-put-in/
  • dunstonh
    dunstonh Posts: 120,539 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Those nasty little 'over 50s plans' advertised on the telly by elderly TV personalities would get my vote.

    Send your complaint to Michael Parkinson.

    Remember how those adverts used to say "no salesman will call" as a derogatory remark about advisers. That was because no adviser would recommend them as they were so bad and as there was no adviser, no-one could complain about them.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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