PPI, Time is running out!

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So, you haven’t checked if you are eligible for PPI compensation, this can only mean that you have never taken out a loan or a mortgage!

It used to be common practise to tell you when making a loan application that you would only be accepted if you took out Payment Protection Insurance. I bet that they never told you how much commission they were earning from it!

It is estimated that 45 million policies were mis-sold but now due to new rules even those who have been rejected could be in line for money to be refunded over hidden interest rates!

After August 29 2019, you’ll no longer be able to make a complaint – even if you think you might be owed money.

As part of the countdown, the FCA has also widened the window for customers who might be eligible for compensation – even if they weren’t initially miss-sold.

This means many customers who were previously rejected, could be in line for money back.

It comes on the back of the Plevin ruling – a 2014 court case that ruled brokers were not being entirely transparent about commission rates when selling PPI – which in turn made millions of transactions ‘unfair’.

The FCA set a new rule that says the bank should’ve declared its commission to you if it was over 50%. Yet even the average bank and building society commission was 67%. If they didn’t declare it, you’re entitled to the commission over 50% back, plus interest. This will be £100s or £1,000s for some.

You may have bought payment protection insurance without even knowing it.  Some old policy agreements used pre-ticked boxes that required consumers to request not to have PPI with their loans or credit agreements.

Time is not on your side so act today and call to speak to one of our advisors on 01942 619911. It doesn’t matter if you can’t remember who you took the policy out with, we can do all the research for you.

PPI Deadline less than 12 months away!

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With less than 12 months before the PPI Claims deadline there is no time to waste! Billions of pounds remain unclaimed so why not see if you could be entitled to receive compensation for your PPI.


Even if your claim has previously been declined it is worth re-submitting it as since the 29 August last year banks have had to consider a court ruling known as ‘Plevin’ when dealing with PPI claims, meaning you can now claim if your provider earned a high level of commission from your PPI and this wasn’t made clear to you.


It is anticipated that during the run up to the deadline date many thousands of claims will be registered so don’t wait too long before deciding to make a claim.


All it costs to find out if you have a claim is a phone call to our office on 01942 619911 and we will do the rest for you.


CompiClaims operates on a ‘No Win, No Fee’ basis, yet another reason to make the call today! Call 01942 619911 and speak to one of our client managers now!

Is your pension not performing as expected?

Posted on by CCKeith in Uncategorized Comments Off on Is your pension not performing as expected?

Have you ever been mis-sold a pension or investment? If any of the following statements apply to you contact us today on 01942 619911.

  • Were you sold an investment without proper advice and guidance on the risks involved?
  • Have you suffered financial loss as a result of transferring your pension following advice from a Financial Adviser?
  • Were you offered a free financial review and advised to transfer your pension or investment?
  • Have you been advised an investment strategy that is not in line with your objectives and attitude to risk?
  • Were the commission payments, charges and conflicts of interest not disclosed to you?
  • Did you deal with an unregulated Financial Adviser?
  • Have you transferred out of a Final Salary (Defined Benefit) arrangement since April 2015 with a fund value greater than £30,000?

The FCA advise people who think they have been mis-sold a pension to raise a complaint as soon as possible.

Countless savers who have lost financially from badly invested SIPPs – Self Invested Personal Pensions – could pocket a £50,000 windfall from a special government fund set up to compensate losers which is currently due to pay out a staggering £120 million.

A maximum £50,000 compensation is currently available from the £120 million fund managed by The Financial Service Compensation Scheme. But the figure is set to rise by 75 per cent to a £85,000 maximum next April (2019) to mirror the rapidly escalating number of losers throughout the UK.

The SIPP scams involved unscrupulous Financial Advisors preying on savers who were promised massive returns of up to 20 per cent a year only for their savings to be squandered on get rich quick schemes including investing in airport parking, holiday properties and green energy projects.

Retirement should be something to look forward to so you think that you have been wrongly advised don’t wait, contact us today. It costs nothing to find out if you are entitled to compensation.

‘Plevin’ opens the door for rejected PPI claims

Posted on by CCKeith in Uncategorized Comments Off on ‘Plevin’ opens the door for rejected PPI claims

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!

Are you missing out?

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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!

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