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NatWest and RBS to cancel 1,000s of PPI policies - check if you need yours - MSE News

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Former_MSE_Callum
Former_MSE_Callum Posts: 696 Forumite
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edited 10 October 2019 at 2:43PM in Reclaim PPI & other insurance
NatWest, Royal Bank of Scotland and Ulster Bank will cancel thousands of customers' PPI policies from midnight on 29 December - if you need a policy, you'll have to find another provider...
Read the full story:
'NatWest and RBS to cancel 1,000s of PPI policies - check if you need yours'
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  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    Link is broken....
  • Former_MSE_Callum
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    Apologies should now be fixed
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    The irony of posting this on a forum devoted to PPI refunds is not lost on me.

    Clearly, these Banks have made a business decision to no longer offer a very toxic product which many people mistakenly believe it was somehow wrong to have in the first place.

    There is no doubt these policies were expensive and limited in scope. I therefore truly doubt there will be "thousands" who still want credit card and loan PPI.
  • haras_nosirrah
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    Few providers still offer ppi products because of the complaint risk. So those with policies being cancelled may not be able to get alternate cover.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
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    How long before there are claims for compo for having your PPI cancelled I wonder?
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