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FSA on PPI


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Worth a read this one.. Thanks To David Andrews Media for this link...:D

 

Consumers to benefit from PPI refunds agreement

 

Thursday, 29 March 2007 Ref: 29/07

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Industry agreement on refunds on PPI policies will benefit customers says the ABI

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(133 words)

The FSA’s announcement today on refunds on single premium payment protection insurance (PPI) confirms steps the industry has taken to provide such refunds says the ABI (Association of British Insurers).

Nick Starling, the ABI’s Director of General Insurance, said:

“Last year, insurers agreed to make an appropriate refund on single premium payment protection insurance whenever customers cancel their policy and have not made a claim, whatever their reason.

“Customers can check with the company that they bought their PPI through, or direct with their insurer, how much they would get back if they cancel the policy or repay the loan early.

“As the FSA points out, PPI can provide valuable protection. We are working on additional initiatives to further improve consumer understanding of this product to help everyone get best value for money.”

 

 

 

Ian

Lloyds TSB -PPI - Full refund . 05/09/06 :D:p (As Seen on TV) :p

Halifax settled in Full.. :D 22/09/06

TSB First Claim SETTLED IN FULL 19/10/06 :D

Second Claim to Lloyds TSB - Settled in Full

Firstplus - early settlement interest charges - Challenged the use of the rule of 78 - SETTLED IN FULL 12/1/07

PPI - GE Money / Purpleloans / Firstplus - Now Settled after 1 year long hard fight.

 

 

 

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Anything said is my opinion and how I understand the law, always consult professional legal advice before taking something to court.

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