IGroup claim advice

Snoopdog88

Hi I have been doing my old PPI claims with some success and would like some advice on this, I took out 3 loans secured on my property around year 2000 , I have all the original paperwork , loan agreements and PPI booklets, bank statements and paperwork.
I understand that Igroup loans were sold through a broker and that my broker was Midland and General Direct who appear to be no longer trading , the FOS said I may be able to go to the underwriter to pursue a claim, the PPI underwriter was Ace Insurance SA-NV , who they advise is Ace Insurance Europe in London. I was told that I had to take this insurance to get the loans, despite having a package through my employer if sick that I would be paid for 6-12 months , do any experts believe this one is worth pursuing, I am a little lost on this having read different threads across the internet which I am having difficulty understanding if it is worth going for

dunstonh

In most cases, the underwriter route doesnt work. It depends on the commercial arrangement, distribution channel and dates.

The broker carries the liability for the sale. Not igroup. However, the broker no longer exists. So, you cant complain to them. Plus, even if they existed, they wouldnt consider it as is pre-regulation.

You dont have access to the FOS or the FSCS as its pre-regulation.

A plevin complaint to the insurer is a possibility.

Snoopdog88

Thank you I may try and give it a go as I had success with Aviva for the Welcome Loans so worth a go is there any template to add for Plevin or particular wording I am a little lost on that , I did not use anything for Aviva just a simple email with copy documents etc

dunstonh

Aviva is one of the cases where liability existed for a window of a few years(2001 to 2003 IIRC) because of the membership of the GISC.

Do what you did with the Welcome/Aviva case.