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PPI claims deadline likely to be in 2018


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The Financial Conduct Authority has published its consultation paper on plans to bring in a 2018 deadline for PPI claims

 

FCA research shows 74 per cent of people know what PPI is, but some have not got around to claiming yet because of the 'open-ended nature', which the watchdog says has created inertia.

 

The FCA believes that introducing a deadline – alongside a high profile campaign to highlight it – will prompt many into action.

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I know someone who works for Clydesdale/Yorkshire Bank or CYB as I think they are called now, they are drafting in hundreds of agency staff to work on PPI cases.

 
 

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