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

marshallka

busbyh wrote: »

When you think about it, even if they only pay 90% of the £2000 at least it is only £200 that will be lost,
It could be a lot worse.

Its still annoying if they do do this though busbyh. £200 is a lot to some.

di3004

NEWTONCHANG wrote: »

Thanks bodkins for that info and phone number i will be on the phone first thing in the morning and hopefully we might be getting somewhere now guys lets keep fingers crossed and Di get practicing those cartwheels we might need them yet hun:D

Yeah will do hun, still practicing...lol :rotfl::D;)

pinknico

Really hope those waiting get some news soon, I have not forgotten how frustrating and soul destroying the wait is.xxx
Seems a long time since we have had a celebration on this thread, hope that changes next week.xx
I have no doubt you will all win your claims.xx

busbyh

marshallka wrote: »

Its still annoying if they do do this though busbyh. £200 is a lot to some.

I agree with you marshallka. Even a small amount is a lot of money to some, and it is not right.

busbyh

marshallka wrote: »

The FSCS only deal with investments and insurance and as far as i can tell from their own site it also applies to insurance of any kind that the FSCS deal with
New limits to come into force in January 2010

Consumers will benefit from new compensation limits from next January following an FSA review of the FSCS limits. The FSA announced today that new limits would come into force for investments, insurance and home intermediation from January 2010.

http://www.fscs.org.uk/consumer/what_we_cover/Eligibility_Rules/compensation_limits/

Hi marshallka, do you think it will be on new claims and not existings ones.

busbyh

pinknico wrote: »

Really hope those waiting get some news soon, I have not forgotten how frustrating and soul destroying the wait is.xxx
Seems a long time since we have had a celebration on this thread, hope that changes next week.xx
I have no doubt you will all win your claims.xx

Hi pinknico,
Yes, we are due some more wins. Looking a my siggy there has only been two since ours.

busbyh

Marshallka, I have just looked at the link. Is this the section that would apply to PPI insurance.

• General insurance: unlimited.
  
  Compulsory insurance (e.g. third party motor): 100% of the claim. Non-compulsory insurance (e.g. home and general): 100% of the first £2,000 plus 90% of the remainder of the claim.

• General insurance advice and arranging: unlimited (for business conducted on or after 14 January 2005). 100% of the first £2,000 plus 90% of the remainder of the claim. Compulsory insurance is protected in ful

If this is the case, it is the same as it was with our claims and nothing has changed.

I didn't mean it to sound as though £200 was neither here nor there, but I was just thankful the FSCS are here as without them who knows where we would have all been.

Thanks for the link
xx

marshallka

busbyh wrote: »

Marshallka, I have just looked at the link. Is this the section that would apply to PPI insurance.

• General insurance: unlimited.
  
  Compulsory insurance (e.g. third party motor): 100% of the claim. Non-compulsory insurance (e.g. home and general): 100% of the first £2,000 plus 90% of the remainder of the claim.

• General insurance advice and arranging: unlimited (for business conducted on or after 14 January 2005). 100% of the first £2,000 plus 90% of the remainder of the claim. Compulsory insurance is protected in ful

If this is the case, it is the same as it was with our claims and nothing has changed.

I didn't mean it to sound as though £200 was neither here nor there, but I was just thankful the FSCS are here as without them who knows where we would have all been.

Thanks for the link
xx

Yeah, I know what you mean busbyh.;) I think you have quoted the old limits there though.

The new limits are here

Compensation limits for investment and home finance advice and arranging claims will increase to £50,000, bringing the compensation limit for these classes in line with the limits for deposit claims. Compensation for non-compulsory insurance will be paid at 90%, with no upper limit. Cover for compulsory insurance will remain at 100% protection with no upper limit. The new limits will make it easier for consumers to understand the cover the FSCS provides.


I assume the PPI to be "non compulsory insurance" (as compulsory is motor etc and that that is required by LAW) so it seems to me the limits are down to 90% of the whole amount with no upper limit.

NEWTONCHANG

HI Everyone rang up Target who suprise suprise answer the phone as picture and the lady was very nice but said they are getting at least a hundred requests a week at least and this all has to be done manually so it will take some time for them to get to people so in other words don't hold your breath guys so here we go back to another waiting game

busbyh

marshallka wrote: »

Yeah, I know what you mean busbyh.;) I think you have quoted the old limits there though.

The new limits are here

Compensation limits for investment and home finance advice and arranging claims will increase to £50,000, bringing the compensation limit for these classes in line with the limits for deposit claims. Compensation for non-compulsory insurance will be paid at 90%, with no upper limit. Cover for compulsory insurance will remain at 100% protection with no upper limit. The new limits will make it easier for consumers to understand the cover the FSCS provides.


I assume the PPI to be "non compulsory insurance" (as compulsory is motor etc and that that is required by LAW) so it seems to me the limits are down to 90% of the whole amount with no upper limit.

Thanks marshallka, I see what you mean. Trust me to read the wrong one:o