Companies in Default/FSCS Claims - Picture, London Scottish, Twopart

busbyh

di3004 wrote: »

I may have read the email wrong though, in hoping they have done, looks like she missed a word out as well lol, rushing the email I expect lol, here is her email here:

The decision is made by Deloitte but then passed to the FSCS so they now how it and are possibly reviewing it. Give them a call for any queries and im sure they will be able to help you.

Best wishes

L

I would say the HOW should be HAVE

marshallka

busbyh wrote: »

I would say the HOW should be HAVE

Yeah I agree.:T

marshallka

busbyh wrote: »

Would need to claify this with the FSCS

According to Honey2 who has won her claim and copied the letter fom the fscs on here, she has been advised her win was based on bad advice, this was stated on the letter from them.
Maybe the FSCS interpret it differently to FOS/FSA and are not looking at it as mis sold. The bad advice being from Picture staff and not the Insurers. Therefore laying the blame on Picture and not the Insurers, which would make the Insurance still valid. Honey 2 has also received her NCB and has put it a cliam for redundancy payment, therefore FSCS must be looking as missold and bad advice as two different reasons.. As far as I can see it can only be a good thing, as at least some are getting back their NCB., so why concern ourselves if it is to our advantage.

When someone wins through FOS thought against a broker its still a missale and they cancel the insurance and redress. Its only the same thing. The broker or lender gave bad advice.

busbyh

marshallka wrote: »

When someone wins through FOS thought against a broker its still a missale and they cancel the insurance and redress. Its only the same thing. The broker or lender gave bad advice.

It's just so confusing marshallka, you would think these authorities would be singing from the same song sheet

dialysis

busbyh wrote: »

Don't you need to claim your rebate back from the Insurers, quoting the amount the fscs have given you.

Hi busbyh I do yes but not sure how to do it so I have wrote to them and told them I want to cancel it and claim my rebate will ring them on monday and find out cheers hun hope you are ok:A:A

busbyh

dialysis wrote: »

Hi busbyh I do yes but not sure how to do it so I have wrote to them and told them I want to cancel it and claim my rebate will ring them on monday and find out cheers hun hope you are ok:A:A

Have you written to the Insurers or Picture, personally I would contact the insurers, isnt that what the FSCS said to do

di3004

busbyh wrote: »

I would say the HOW should be HAVE

Tidy :T:T
So it does mean they "Have" it back and are reviewing the decision?

Hope its a good one, again I know its not a lot but it will be a big help for the mortgage, I am surprised on this to be honest, because it was only yesterday Deloitte said they received everything, so it may have been the day before they received all details and today they moved it on by FAX, am nervous, but whatever will be will be, just must hope its in our favour.;)

Cheers folks, that "Have" does make sense :T:T:j:jXxx

dialysis

busbyh wrote: »

Have you written to the Insurers or Picture, personally I would contact the insurers, isnt that what the FSCS said to do

I have written to picture but the fscs didnt tell me what to do so I will ring them on monday cheers hun:T:T

dialysis

Hi all hope you are all well I have missed a lot today I was hoping we might have had some more good news tody, like cheques, but hopefully tomorrow or next week I do really hope you all hear soon though.:T:T:T

busbyh

dialysis wrote: »

I have written to picture but the fscs didnt tell me what to do so I will ring them on monday cheers hun:T:T

Sorry di, maybe it was Honey2. I thought they said they had advised the Insurers how much rebate that had to pay should Honey2 decide to cancel the policy.
I will see if I can find the post and get back to you. It's just if you want the cheque yourself I would prefer to go through the Insurers to ensure it does not go to Picture first, who knows what they would do with it.