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full list of companies the FSA have fined
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# 1
lickoloctupus
Old 20-08-2010, 8:38 AM
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Default full list of companies the FSA have fined

Does anyone have the full list of companies fined for miss selling ppi as on the FSA website today it states more than 24.
Also I tried to open the FSA's new ploicy document from last week but the document is empty. All other documents open. Is anyone else having difficulty as I want to quote excerpts in my letters now
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# 2
di3004
Old 20-08-2010, 11:09 AM
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Quote:
Originally Posted by lickoloctupus View Post
Does anyone have the full list of companies fined for miss selling ppi as on the FSA website today it states more than 24.
Also I tried to open the FSA's new ploicy document from last week but the document is empty. All other documents open. Is anyone else having difficulty as I want to quote excerpts in my letters now

Hiya

On Martins loan ppi guidance page, there is a list shown on there, not sure if its up to date though, check through though just in case.
http://www.moneysavingexpert.com/rec...loan-insurance

And below, I have copied and pasted from Martin's page of fined companies....

Has your provider already been fined for PPI problems?



Many major providers, including Alliance & Leicester, Egg and Capital One have been fined for “not treating customers fairly”, and more are expected soon. If yours has, it’s very likely you’ve a case.
Does this apply to you? Expand the full list of Fined providers.


The regulator, the FSA, has said it wants to see better practice and has fined several companies for failing to treat their customers fairly. More fines, which could be for up to £1 million, are expected.
Who’s been fined so far?
  • Swinton: Fined £770,000 in Oct 2009 for serious failings and an unacceptable level of non-compliant sales (on cover for home or motor insurance) between Dec 06 and Mar 08 (when it stopped selling PPI). Swinton has said it will contact over 350,000 customers who paid for the PPI and offer a full refund, as well as pro-actively review previously rejected claims. More Info: Swinton.
  • Egg: Fined £721,000 in Dec 2008 for serious failings in its credit card PPI sales by telephone between Jan 05 and Dec 07. Egg has said it will be writing to customers, asking them to call a dedicated number if they are concerned they were missold PPI, and will compensate where appropriate. More Info: Egg.
  • Alliance and Leicester (A&L): Fined £7 million, the highest fine to date by far, in Oct 2008 for serious failings in its PPI telephone sales between Jan 05 and Dec 07. A&L has said it will be writing to all the customers concerned. More Info: Alliance and Leicester.
  • 5 motor retailers: GK Group Limited, George White Motors Limited, Ringways Garages (Leeds) Limited, Ringways Garages (Doncaster) Limited and Park’s of Hamilton (Holdings) Limited were fined a total of more than £175,000 in Aug 2008 for exposing a total of 2,175 customers to the risk of being sold unsuitable PPI policies. More Info: Motor retailers.
  • Liverpool Victoria: Fined £840,000 in July 2008 for serious failings in the sale of single premium PPI on telephone loans sold betweeen 14 January 2005 and 8 August 2007. It has also agreed to compensate customers if their policy is not appropriate and to refund interest automatically. More Info: Liverpool Victoria.
  • Land of Leather Ltd: Fined £210,000 in May 2008 for allowing its sales force to sell PPI, between May 2006 and Feb 2007, without effective monitoring or training. More Info: Land of Leather.
  • HFC Bank, also trading as "Household Bank" and "Beneficial Finance": Fined £1,085,000 in January 2008 for putting customers at an unacceptable risk of being sold PPI when it was not suitable for them. Failings took place in branches between Jan 2005 and May 2007. More Info: HFC Bank
  • Capital One: Fined £175,000 in February 2007 for failing to ensure that 50,000 customers buying credit cards and loans between January 2005 and April 2006 received important information about the policy. More info: Capital One
  • GE Capital Bank Ltd: (supplies cards for Asda, Comet, Debenhams and Topshop among others): Fined £610,000 in January 2007 for inappropriate sales of its store cards and credit cards. More info: GE Capital Bank Ltd
  • Redcats: Fined £270,000 in December 2006 for also not having adequate systems and controls in place to minimise the risk of unsuitable sales. More info: Redcats
  • Regency Mortgage Corporation: Fined £56,000 in December 2006 for not collecting sufficient information during a PPI sale to ensure its recommendations met customers' demands and needs. More info: Regency Mortgage Corporation
  • Loans.co.uk: Fined £455,000 in October 2006 for not having appropriate systems and controls to minimise the risk of unsuitable sales. More info: Loans.co.uk
Are you a customer of one of these firms?
If you’re a customer of one of these companies it may have already been in touch with you, but if it hasn’t you should definitely send a reclaim letter asking for justification that your policy was sold with your best interests in mind.
Other companies are likely to be fined too
The FSA is likely to announce further fines, this is important as it hugely strengthens your reclaim, so ensure you get the free weekly email to keep updated on this.
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# 3
marshallka
Old 20-08-2010, 3:54 PM
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This search may give details of each one fined and for the exact periods and the "way" the PPI was sold etc

http://www.fsa.gov.uk/pages/search/i...dex.shtml#1110
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# 4
marshallka
Old 20-08-2010, 3:57 PM
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Quote:
Originally Posted by lickoloctupus View Post
Does anyone have the full list of companies fined for miss selling ppi as on the FSA website today it states more than 24.
Also I tried to open the FSA's new ploicy document from last week but the document is empty. All other documents open. Is anyone else having difficulty as I want to quote excerpts in my letters now
Also are you after loading the new Policy statement?
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# 5
lickoloctupus
Old 20-08-2010, 9:38 PM
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Quote:
Originally Posted by marshallka View Post
Also are you after loading the new Policy statement?
Yes I've been on the website and can open all the pdf documents except for the policy document dated 10/08/2010.
It just shows Untitled and stays blank.
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