Thread: A&l Fined £7m Ppi

Thank Angrey Cat,

This shows the FSA are looking at the bigger fish to fry and not always the smaller companies. We can only hope they continue and get some more of them bigger fish
a quote from the fsa
"A&L has agreed to implement a substantial and comprehensive customer contact programme, overseen by third party accountants. It will write to all customers who took out policies by telephone in conjunction with an unsecured loan between 14 January 2005 and 31 December 2007 prompting them to review their policy against product information sent to them. It will also review any relevant rejected complaints and claims and has committed to pay redress where appropriate."

What does disappoint me is the fact the dates are from the 14th January 2005 the A&L will write to its customers. what about all the policies they sold on the 13th January and before that period They will get away with these