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PPI News - August 2012

PPI Complaints to the Ombudsman Rising Daily

20 August 2012

The UK financial ombudsman is receivng 1,500 new claims for Payment Protection Insurance (PPI) every day.

» Read more at the BBC

PPI Acts as Stimulus

13 August 2012

There has been some talk on PPI acting as a stimulus for the UK economy.

This theme was also picked up by The Guardian, which states:

"...estimates by the National Institute for Economic and Social Research, quoted by the FT, show that if PPI compensation reaches the worst-case (for the banks) estimate of £15bn, the upshot could be an increase in GDP of 0.7%. "

» Read the full story at The Guardian

> Return to main news page

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Payment Protection Scotland is a trading name of Payment Protection Services Ltd. regulated by the Financial Conduct Authority in respect of regulated claims management activities (SC404848). Its authorisation is recorded on the website at www.fca.org.uk/firms/financial-services-register (Temp Auth No. FRN 837088). Registration with the Information Commissioners Office (ICO); registration number Z354206X. Registered as a company in Scotland; Company Number (SC404848). Registation Address; 272 Bath St. Glasgow G2 4JR

No Win No Fee – charges may apply if you cancel after the 14 day cooling off period, see website at www.paymentprotectionscotland.co.uk for full Terms of Engagement. Fees are 24% (VAT Inclusive) for all contracts entered into after 1st April 2019. Contracts entered into prior to 1st April 2019 are chargeable at the rate outlined in such contracts. Our fees are subject to regulatory change.