Uswitch comments on proposal to introduce PPI deadline
Reacting to the Financial Conduct Authority’s proposal to introduce a deadline for submitting PPI complaints by the end of June 2019, Tashema Jackson, money expert at Uswitch.com, says: “By proposing to set a deadline the Financial Conduct Authority is sending a signal that consumers impacted by PPI mis-selling should get their skates on to seek payback.
“However, as PPI is still the biggest cause for complaints to the Financial Ombudsman Service, there’s still a lot of work to do before the industry can finally draw a line under this scandal.
“It’s now important that the banks, regulator and Ombudsman work together to raise awareness of the new deadline, so that those yet to claim do so – without having to pay fees charged by claims management companies.
“If people think they’ve been mis-sold a PPI policy, they should complain to their bank. If they remain unhappy, they can escalate their complaint with the Ombudsman for free – and will be entitled to keep any compensation awarded themselves.”
Find out how you could save over £1,000 a year with Uswitch here.
FOR MORE INFORMATION
Rory Stoves
Phone: 020 3872 5613
Email: rory.stoves@uswitch.com
Twitter: @UswitchPR
About us
It’s all about “U”!
Thank you for indulging us over the last 20 years by using a small ‘u’ and a big ‘S’ when writing about our brand in your articles.
We are delighted to let you know that you are now off the hook - it’s big U’s all the way (and small s’s) as we undertake our biggest ever rebrand - so let your autocorrect go wild!
About Uswitch
Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.
Uswitch is part of RVU, a new business that also owns Money.co.uk and Bankrate.
If you would no longer like to receive our press releases please email prteam@uswitch.com with 'unsubscribe'.