According to a survey held by the Financial Conduct Authority (FCA), there were over 1.11 million of people complaining about the Payment Protection Insurance (PPI) in the first half of 2017.

The investors were shocked as the Lloyds Banking Group in its half year performance report revealed that, it has reached only half way through its 16 million PPI complaints.

The PPI claims train has got room even for some of the best actors of Hollywood. Arnold Schwarzenegger would be making around £1.5 million to be the face of finance and voice of an ad spreading awareness about the deadline to make a claim

Arnold Schwarzenegger would be seen featuring in the new ad campaign intended to alert customers about the deadline and to make a PPI claim for compensation.

UK banks have started bracing themselves for the rush of PPI claims that are likely to be flashed by a£42m TV ad campaign advising consumers to make a claim for mis-sold PPI policies.

In a recent report, it has been claimed that banks are being condemned for mis-selling PPI to NHS workers, who were assured of no obligatory redundancies.

Latest studies reveal that some of the big banks of UK are trying to wriggle out of making payments for PPI claims due to a gush in “lost” consumer report.

PPI Refund.co.uk is firm that helps it customers to gain their rights in a legal way and with a more ethical approach. They help the customers to claim the PPI compensation amount by taking care of the entire procedure.

Due to the mis-selling of the Payment Protection Insurance (PPI), the Lloyd Banking group has yet taken another hit and taken its bill for the scandal somewhere close to £18bn.

Financial Conduct Authority (FCA) claims that Payment Protection Insurance (PPI) still remains to be the most complained financial product.