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captain184

edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
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captain184captain184 Forumite
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edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
1 Allay claims are charging me 36% on a successful PPI claim. According to the Law Society a PPI cap of 20% (excluding VAT) was imposed by The Financial Guidance and Claims Act 2018 with effect 10 July 2018. Are Allay claims now breaking the law by imposing the 36%?
2 Should this charge be imposed on the gross amount recoverable or the net amount paid to me?
Thank you
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