Northampton, September 4, 2017
Financial Conduct Authority (FCA) claims that Payment Protection Insurance (PPI) still remains to be the most complained financial product. Financial Ombudsman Service (FOS) currently published statistics that stated, more than 10,000 new cases of PPI reclaim are brought into consideration every month. This has resulted into 51 per cent of all financial products and services complaint in the initial quarter of the year.
Yet there are a lot of people who have not made a claim for the PPI compensation. Now that a deadline has been imposed on making a claim, authorities believe that the number of people making a claim are bound to increase.
Furthermost, because of the new rules and guidelines implemented by the FCA, the complaints are now recorded. The data that is recorded states that under these new guidelines, the financial services firms might take longer to tackle the complaints less formally.
The executive director of strategy and competition at the FCA, Christopher Woolard, said that: “Consumers want a simple way to complain that does not leave them out of pocket. And they want to be assured that their concerns will be dealt with fairly and quickly. These data will provide us with improved intelligence on complaints including new detailed data to show where industry is potentially failing consumers at product level.”
However, FCA is requesting the people to make a claim and for that purpose various campaigns are being launched by the authority. If people opt to take help from the claim management companies, the recommended way is to hire a company that follows a legal procedure.
One such firm, PPI Refund.co.uk, makes use of the most precise method to provide the clients with their rights. To know more about their service and procedures you can log on to their website: http://www.ppirefund.co.uk
To share your case personally with them, you can send them a mail on: [email protected]
iSmart Consumer Solutions
4 Summerhouse Road
0800 862 0571