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PPI News - March 2016

PPI complaints rise 6pc as consumers continue to win compensation

omplaints about Payment Protection Insurance (PPI) rose 6pc in the second half of last year compared to the first six months, and accounted for almost half of all complaints about banks, suggesting the product continues to confuse and frustrate customers.

Read the full story at The Telegraph.

> Read Article

Lloyds staff lose £1,500 each to pay PPI compensation

Workers at Lloyds Banking Group are taking a direct hit to the pocket from the huge cost of the payment protection insurance (PPI) mis-selling scandal, according to new figures.

Read the full story at The Telegraph.

> Read Article

Pension reforms won't be the next PPI

The outgoing boss of the FCA, Tracey McDermott, has assured MPs that lessons have been learned from the Payment Protection Insurance (PPI) scandal.

She was confident that pension reforms, which allow people to have more freedom over their savings, would not lead to mis-selling on a similar scale

Read the full story at the BBC's website.

> Read Article

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Payment Protection Scotland

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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.