Thread: Personal Investment Authority Regulation

I am in the process of fighting M & S to repay my PPI & they are trying to wriggle out of it by saying that they were not regulates by the GISC.

On checking the FSA register I have found that they were regulated by the Personal Investment Authority which was taken over by the FSA in 2001 when I took out my card account.

Does this mean that I can now take my complaint to fos?

Originally Posted by Natalie6999

I am in the process of fighting M & S to repay my PPI & they are trying to wriggle out of it by saying that they were not regulates by the GISC.

On checking the FSA register I have found that they were regulated by the Personal Investment Authority which was taken over by the FSA in 2001 when I took out my card account.

Does this mean that I can now take my complaint to fos?

Marks and Spencer on checking the FSA register seem to have been under the FSA regulations since 01/12/2001 so if you agreement was with them after that date then the FSA would be the authority and therefore the FOS may be able to deal with a claim for misselling but check this out and ask for advice...

PPI is a very complicated issue but the FOS are very helpful and if you give them a call they will offer advice on whether they can look at your claim.. here is the link to the FOS site.......

Links that may help with your claim for Mis-sold PPI
Financial Ombudsman Service

http://www.financial-ombudsman.org.u...-insurance.pdf

A lot of companies banks etc are trying to avoid the PPI issue by claiming they were not regulated at the time, Sadly this seems to be the case as they were self regulating. When banks self regulate they tend to take their customers to the cleaners in a lot of alleged cases.

Keep on posting

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