FosRunningPPI Spreadsheet PS10/12 to PS17/03 Update

[mzfrfd]

Hi

 

Ims21 did a fantastic job with FosRunningPPI v102.xls based on PS10/12. Does Ims21 or anybody else have any plans to do an update based on PS17/03?

 

I ask as I am in protracted discussions with FOS over a claim and its worth, and they are discounting my calculations using FosRunningPPI. Their statement to me is below:

 

"....It is not our job to audit the Banks calculation, there are periods of missing data and assumptions have been made, we feel this is fair when the business and the consumer don’t have full records. We check to see if the offer is fair and this offer is within our within our tolerances.

 

I have asked you to supply credit card statement show the discrepancies in interest rates used, I've yet to see them. Your calculations differ from RBS' and your calculations are not in line with our guidelines..."

 

Are they lying to me?

 

The CAG warned that the FOS is totally committed to limiting any redress the Bank needs to pay, and I am very much seeing this first hand! I ask the above question as i really need to hit them with some nailed on maths which is beyond my skillset..

 

Thanks in advance

[dx100uk]

you cant use fos running when you don't have a full set of statements sadly.

[mzfrfd]

I do have a full set. From 2001 - 2008 for which I have used Fosrunning spreadsheet. Nonetheless for that period alone my compound interest differs from the banks. I have £430 and they have £285. So something is very amiss. The missing data is from 1998 - 2000 for which the bank is making assumptions.