Financial Conduct Authority – New approach to PPI Claims

As the deadline of 29th August 2019 for making a claim for compensation for mis-sold Payment Protection Insurance approaches, we learn that the Financial Conduct Authority is to run a major advertising campaign featuring a model head and the voice of Arnold Schwarzenegger.

Andrew Bailey, Chief Executive of the FCA said:

“Our campaign aims to cut through the noise on PPI. We want to encourage people to decide whether to find out if they had PPI and whether to complain or not. Our message, and Arnie’s, is ‘do it now’ and I urge people to make a decision before the deadline on 29 August 2019.”

The FCA also announced a new basis for claiming about mis-sold PPI. If someone has previously complained about PPI and had the complaint rejected, they may be entitled to compensation if the provider earned a high level of commission from selling PPI.

A dedicated PPI webpage has been setup and you can visit it by clicking here.

To view the advert, please click here.

Further Information

If you would like further information please contact our Claims Manager Robert Moore on 0141 547 7935 or click here to email Robert