Have you been advised to take out payment protection insurance on a loan or mortgage? Just having it now means you were almost certainly mis-sold, and are due compensation. That’s because a court ruling called Plevin means most who bought PPI even knowingly were likely to have been mis-sold thanks to commission paid t the agents.
When I took at my first loan for a car I was told that I couldn’t have it unless I took out PPI! I am sure that I was not the only person to be told this and the sale was invariably driven by commission.
The Plevin rules mean if over 50% of your PPI’s cost went as commission to the lender, and that wasn’t explained to you, you are due back the extra above that. For this to count your PPI had to still be active at some point since 2008.
Staggeringly, with loan PPI, on average 67% of what you paid was pocketed by banks as commission from insurers, and banks almost never mentioned it.
Since October 2017, banks have been told to adopt FCA guidance that followed a court ruling known as “Plevin” when dealing with PPI claims. Under the Plevin rule, if more than 50% of a consumer’s PPI’s payments went as commission and this was not explained to them at the time, they could claim back payments above that threshold, plus interest.
Following the Plevin ruling, claimants who had their original mis-selling claims turned down were able to go back to their loan provider and demand they be re-examined.
Have you claimed yet? if you are not sure if you have had PPI give us a call on 01942 619911 and we can check for you. it costs nothing to find out and you could be entitled to compensation!
Just 12 months to go before the deadline to claim your PPI! Have you checked to see if you would be entitled to any compensation? If not why not? It costs nothing to check and you could be entitled to thousands of pounds!
Not sure if you were offered PPI? We can do all the checks for you so you have nothing to lose. There are still billions of pounds that have not been claimed and some of it may be yours! Contact us today and we can start the search for you. After all you have nothing to lose and possibly everything to gain.
Don’t put it off any longer and call us today, you won’t regret it!
Retirement should be a time of relaxation and enjoyment after a lifetime of work, and you should not have to be worried about your pension!
The pensions mis-selling scandal of the late 1980’s rumbles on. More than a million people are thought to have been incorrectly advised to take out personal plans when they would have been better off in a company scheme.
Compensation has been paid to hundreds of thousands of people, but not every case has been cleared up. And while the watchdogs have tightened up all the rules on pension selling it is still possible for bad advice to be given. So be wary.
If you think that your pension is not going to give you the rewards that you were expecting due to being given false or improper advice contact us today and we will check for you and determine if you would be entitled to any compensation.
Don’t delay, call on 01942 619911 today!
If your bank or another financial company sold you a product that wasn’t suitable for you, you might get compensation if you make a complaint.
Mis-selling means that you were given unsuitable advice, the risks were not explained to you or you were not given the information you needed and ended up with a product that isn’t right for you.
Payment protection insurance (PPI) mis-selling examples
There are many ways you might have been mis-sold PPI.
Here are some of the most common:
- you were pressured into buying the PPI
- you weren’t told about exclusions to the policy
- you weren’t told that you could buy PPI from another company
- you were unemployed or retired when you were sold the PPI
- you were told that PPI was compulsory and that you had to take it out
Mis-sold mortgage examples (including endowments)
Some ways you might have been mis-sold a mortgage:
- your mortgage end date is after your retirement date
- you weren’t told about the commission the adviser would receive from the lender
- you were advised to self-certify (borrow money without proving your income) or overstate your income in order to borrow more
- you were advised to switch lenders and weren’t told about the fees and penalties
Mis-sold investment examples
Some ways you might have been mis-sold your investment:
- you weren’t told about the risk involved
- you weren’t told how your money would be invested
- the product didn’t suit your needs or attitude to risk that you discussed with the adviser.
Could you have been mis-sold financial products? It costs nothing to find out so call today on 01942 619911 and speak to one of our advisers.
The PPI deadline is the 29th of August 2018! Are you sure you don’t have a claim? It costs you nothing to find out, just give us a call on 01942 619911 and we will do the rest! You may have had your claim rejected but it’s still worth giving us a call and you may find that you are entitled to £1000’s, you have nothing to lose!
Start your Claim Today. Don’t Miss the Deadline. No Obligation Enquiry. Types: No obligation enquiry, Reclaim what you’re owed, Don’t miss your chance, Get mis-sold PPI returned, You could be owed £1,000s.
Over £20 billion has already been repaid, but it’s just a fraction of what may be owed. So even though the deadline’s a way off, don’t dawdle. From August the regulator will spend millions marketing the cut-off, likely clogging up the system, so do it now to get to the front of the queue.