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

Former_MSE_Helen

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

Read the full story:
Rents rise for third month in a row

oldvicar

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]

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

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.