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    • EU deal replicated 'as far as possible' ... aka less than   "The British Government is continuing to work intensively on securing continuity with other countries. We have secured agreements – either signed or agreed in principle - that account for 64% of the UK’s trade with all the countries with which the UK is seeking continuity, should we leave the EU without a deal."   With what I've seen on that page I linked earlier, that would seem to be decidedly unambitious 'trade deals across the world larger than the EU
    • dx100uk - thank you for your advice.  I will send a SAR to Vanquis and really appreciate all the help on here.   I may have read your last sentence in the way that it was not intended but it has came across very judgmental and not helpful.  I have came on this site for some help, not to be judged.  If that was not your intention then I apologise as I realise text can be read in the way it was not intended.  
    • . I'm sorry but this is not correct. There is a very long established rule that you are required to exercise utmost good faith (uberrima fides) when becoming a party to any kind of insurance contract. This means that you have quite a strict duty to accept responsibility for disclosing any information which a reasonable person in your position might understand could materially affect the risk. I can imagine that the interpretation of this rule would not be applied quite so strictly to a very new and young driver – but the more that one has been driving and the more insurance policies one has held, then I think that the stricter  this rule becomes. It is also well established that one can misrepresent something simply by withholding information – by silence. I'm sorry to say that I think that this rule and the value of it is so self-evident that it is scarcely worth discussing. I wouldn't start raising this issue if I were you with insurers or the courts because you will come away with a bloody nose and loss of credibility
    • @unclebulgaria67 your point is particularly valid especially in regards to loss in the event of a claim. Irrespective of 2x SP30’s or not the vehicle is insured for its full market value. The insurers rating changes based on risk against those endorsements, where said risk calculation isn’t made available.    Also I question the validation of 22% in premium. Is that based on today’s risk profiling, or is that applied retrospectively to day 1 and can that be evidenced.    One thing that is very clear, is that to bring about any degree of misrepresentation the insurer has to have evidence that questions were asked in regards to the endorsements.   This was an auto renewal and when I’ve checked the Brokers electronic Copy on “My Policy’ at renewal, there is no section included relative to accidents in the last 5 yrs or Motoring convictions. Everything else relative to me and the named driver is listed. 
    • Here is what exposes Johnson & Co Commission document, makes for sober reading   Wonder if Snake Oil Singham has read and digested it?   https://ec.europa.eu/info/sites/info/files/brexit_files/info_site/com_2020_324_2_communication_from_commission_to_inst_en_0.pdf
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      I was in Sainsbury’s today and did scan and shop.
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bach

This is Money PPI artical 3/8/09

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Banks wriggling out of paying PPI claims

 

Paul Sims, Daily Mail

3 August 2009

Reader comments (4) | Guide

 

Families are being forced to the brink of ruin as banks and finance firms refuse to pay out on redundancy insurance policies. Sold policies like Smarties: Banks have been accused of systematic mis-selling of PPI.

modHeaderRgt.gifmodIconMore.gifCompetition watchdog pushes for PPI ban

 

Avoid the rip-off by finding a stand-alone policy. They can be 85% cheaper than from lenders.

 

 

 

Up to one in six applications are being dismissed because of 'weasel exclusions' in the small print or because the payment protection policies were originally mis-sold, senior industry figures say.

 

Before the recession, the banks and finance firms received up to £ 6bn a year selling the policies, which are supposed to provide cover for repayments on mortgages, loans and credit cards.

But as unemployment soars past 2.3m, some are being accused of 'dishonouring' the policies. As a result many customers have been left fighting to save their homes.

Vince Cable, the Liberal Democrat Treasury spokesman, said: 'This is outrageous and unforgivable behaviour. The same banks that profited from selling the insurance products are now potentially making these families homeless by dishonouring the policies.'

The Financial Services Authority has already taken action against 19 firms for mis-selling payment protection insurance. Alliance & Leicester was fined £7m last year.

One victim is David Sugden, 45, from Plymouth, who took out a policy with Black Horse, part of Lloyds, in case he lost his job because of a heart condition. In 2006 he was sold a new policy, replacing the old one, for £175 a month.

But when he lost his job on the grounds of ill-health he was told that his heart disease was not, in fact, covered by the new policy and that he should have continued with his previous one.

'It wasn't worth the paper it was written on,' said Mr Sugden, who faces having his home repossessed if a court challenge to the bank fails.

Ronnie Hutcheon, of Cheshire-based solicitors R James Hutcheon, is representing Mr Sugden. He said: 'The banks and finance firms sold these policies like Smarties. Many people are now finding out they were overcharged for policies that were not fit for purpose.'

Payment protection schemes are among the most profitable policies ever devised in the financial industry.

Out of £100 paid out in premiums, as little as £15 is returned in payouts. At the height of the lending boom, banks, brokers and lenders sold more than five million policies a year.

Margaret Goodman, a 30-year-old mother of two from Cannock, Staffordshire, lost her job in telephone sales in January.

She and her husband took out a joint £50,000 loan in January 2007 from broker Central Capital, which was secured on the family home.

Mrs Goodman agreed to pay £12,724 plus interest for a payment protection policy. But when she was made redundant she was told it only covered her husband. 'We're now having to sell our home,' she said. Record numbers of complaints about the policies are being submitted to the Financial Ombudsman Service.

 

 

In 2008-9 they out numbered complaints about bank charges by more than ten to one. Nearly 90% of the complaints are upheld.

The British Bankers' Association said yesterday that banks had responded to concerns about payment protection insurance policies and were now providing more detailed advice to customers. It denied there had been systematic mis-selling.

Lloyds Banking Group said it had rejected Mr Sugden's claim because of a pre-existing medical condition, but had offered to refund his premiums. Capital Claims said it was disputing Mrs Goodman's claim that it had not treated her fairly or sold a suitable policy. It said it was made clear that the policy did not cover both her and her husband for redundancy.

  • Haha 1

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Good post and make sure you keep it bumped up so folks get to see it. :D


I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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Hi Alanalana, thanks for yr comments, appreciated.

 

I just retired, so plenty of time to find all sorts of interesting articals, and of cause I don't have to deal with the my on going dreaded A & L Case

(2006 - 2010 ) untill next April.

( 5 Times in Court, but still keep fighting on, thanks to CAG)

 

Is there any chance this could be placed as a sticky save me keep bumping it.

 

Thanks Lynn

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I said this elsewhere when the article came up on the forum there and I will say it here. I am surprised it's ONLY 1 in 6.


.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

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Hi Alanalana, thanks for yr comments, appreciated.

 

I just retired, so plenty of time to find all sorts of interesting articals, and of cause I don't have to deal with the my on going dreaded A & L Case

(2006 - 2010 ) untill next April.

( 5 Times in Court, but still keep fighting on, thanks to CAG)

 

Is there any chance this could be placed as a sticky save me keep bumping it.

 

Thanks Lynn

 

If you can give me just a link to the article I will make sure it goes into the stickies

 

aa


I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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In the big stickies link with credits to bach and ac :D

 

aa


I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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