Time barred complaint but a settlement figure anyway?

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  • dunstonh
    dunstonh Posts: 116,479 Forumite
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    brown1950 wrote: »
    So are you saying that a Company can use in Court as a defence for a monetary claim
    such as a PPI refund clause SB14 Limitation Act based on the negligent action of the Company's employee's ?

    Not just PPi but any financial product as well as most things that are not financial.

    There is a forthcoming FCA consultation to apply the 15 year rule to the FOS as well to bring it in line with other industries and professions and match the courts.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • brown1950
    brown1950 Posts: 264 Forumite
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    Perhaps you would kindly answer my question with a yes or No ?

    I ask this question because i am presently involved with litigation against Barclays
    for underpayment of a PPI complaint going back to 1998.
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