JD Williams / Allianz PPI Success

ole21

Re:
Allianz taking responsibility for JD Williams / Ambrose Wilson PPI mis-selling....

I reclaimed several years ago but JD Williams rejected the claim - my reasons were I did not request the cover, the cover was unsuitable for my circumstances (I had 6 months sick pay/etc ) and in fact I could prove I had asked for the cover to be cancelled but this request was ignored (I obviously wasn't persistant enough though).

Eventually I received a small Plevin refund of £320 and thought no more about it.

In December I received a letter from Allianz stating they were looking into my mis-selling claim, and would respond by the end of December. In December I received another letter apologising for the delay and they would be in touch by 4th January 2022.

I received yet another letter on 4th Jan offering me the opportunity to go to FOS as they were unable to offer a decision by their deadline, but would be in touch by the end of January.

On Saturday 15th Jan I received the decision and a cheque.....for £7232! Absolutely shocked and very happy!

This goes back to the 1990s hence the huge amount of compound interest. The actual PPI I paid was less than a few hundred.

Hopefully a few others that have been turned down will hear something soon!

[Deleted User]

FYI PPI refunds are simple interest not compound, 8% a year for some years and 15% before a certain point

Keep an eye on the interest element as it's likely you will owe tax on it

brettcta

Did you make the original complaint yourself or did you use a claims management company? If it was the latter, you may receive an invoice shortly if the firm are still trading

ole21

Deleted_User said:

FYI PPI refunds are simple interest not compound, 8% a year for some years and 15% before a certain point

Keep an eye on the interest element as it's likely you will owe tax on it

According to the paperwork, Tax has been deducted in the calculation already

[Deleted User]

ole21 said:

Deleted_User said:

FYI PPI refunds are simple interest not compound, 8% a year for some years and 15% before a certain point

Keep an eye on the interest element as it's likely you will owe tax on it

According to the paperwork, Tax has been deducted in the calculation already

The tax on the interest is deduced correct, but you are only entitled to a fixed amount of interest per calendar year, you may find that you owe more e.g. if you are a higher rate tax payer or if you try and claim back some of the tax on the interest