The Financial Conduct Authority has issued a deadline notice on August 29, 2019 for payment protection insurance.
If you haven’t made a claim yet, then make sure you do so before the deadline as is believed that many consumers may make their claims “at the very last minute,” which can terribly slow down the PPI claims process of many banks and its own logistics.
A recent investigation by Channel 4 undercover journalists revealed that 500,000 PPI claims may have received improper judgement from the Financial Ombudsman Service. According to the probers, some interviewed employees mentioned making decisions without investigating all details thoroughly to meet strict deadlines for pay rises and promotions.
For some customers, the deadline represents a second opportunity to receive compensation: 1.2 million customers previously rejected are being told they may have other grounds for complaint.
If your PPI claim has been rejected by the bank contact us today as it may be possible to re-submit your claim.