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  • FIRST POST
    • BillyBills
    • By BillyBills 6th Jul 18, 10:03 AM
    • 25Posts
    • 24Thanks
    BillyBills
    New PPI ruling - deadline pushed back
    • #1
    • 6th Jul 18, 10:03 AM
    New PPI ruling - deadline pushed back 6th Jul 18 at 10:03 AM
    I've seen in the media that a case at Manchester county court recently means that the terms under which we can reclaim PPI are changing? 100% of commission may have to be paid back so previously rejected cases can be reopened and reclaimed. Will this mean the current PPI claims deadline of 29th August will be pushed further back or removed altogether?
Page 1
    • zx81
    • By zx81 6th Jul 18, 10:09 AM
    • 17,792 Posts
    • 18,919 Thanks
    zx81
    • #2
    • 6th Jul 18, 10:09 AM
    • #2
    • 6th Jul 18, 10:09 AM
    No. And there's no change in the Plevin ruling.

    You need to fund your own day in court if you think you have a case.
    • Nasqueron
    • By Nasqueron 6th Jul 18, 10:40 AM
    • 4,975 Posts
    • 3,013 Thanks
    Nasqueron
    • #3
    • 6th Jul 18, 10:40 AM
    • #3
    • 6th Jul 18, 10:40 AM
    The PPI Plevin case in Manchester has been covered already on this site, it does not push back the deadline for PPI complaints it just affects the odd Plevin case in a very specific set of circumstances
    • dunstonh
    • By dunstonh 6th Jul 18, 11:26 AM
    • 93,430 Posts
    • 60,958 Thanks
    dunstonh
    • #4
    • 6th Jul 18, 11:26 AM
    • #4
    • 6th Jul 18, 11:26 AM
    I've seen in the media that a case at Manchester county court recently means that the terms under which we can reclaim PPI are changing? 100% of commission may have to be paid back so previously rejected cases can be reopened and reclaimed.
    No. The FCA have confirmed that the Manchester court decision will not change anything. (neither the way PPI redress is calculated or the deadline). Indeed, the Manchester case is expected to be appealed as the judgement is different to all the other cases that have gone previously.

    There are some cases being placed on hold if they relate to regular premium PPI and the firm previously was only using point of sale as the date and not the payment period. However, this is a very small number of cases. The FCA consultation period on those is about 3 months from now.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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