Last week, the Financial Services Authority (FSA) disciplined two broker firms and fined four industry members in its latest action to protect consumers against rogue practice in the mortgage and insurance industries.
FT Compliance Services (FTCS), based in Essex was handed a £10,500 fine by the FSA as David Head, Director of the company, was found to provide inadequate supervision of his representatives. This left consumers at risk of being vulnerable to PPI mis-selling.
PPI Return http://www.ppireturn.co.uk welcomes this latest action to protect financial consumers but is still concerned that there are many thousands of UK consumers who have been victims of PPI mis-selling. The extent of PPI mis-selling is huge and despite significant press coverage there are still many who have not many PPI claims.
This latest round of fines were largely due to the fact that brokers at FT Compliance Services failed to take into consideration if medical conditions or existing insurance cover made PPI unsuitable for their clients. Additionally no evidence was found to show that clients were told that they could buy PPI from other providers which would provide more suitable cover. This is a topic that PPI Return have championed – PPI mis-selling to those who had medical conditions that would not allow them to make a claim. Additionally, financial institutions were tying financial consumers exclusively to a set PPI package without offering or even alerting clients that they could seek alternative insurance.
PPI Return http://www.ppireturn.co.uk offer a ’60 Second Test’ which allows visitors to quickly assess whether they are eligible to make a claim. As PPI Claim Specialists, PPI Return have many years of experience at successfully making claims on behalf of clients and know how best to approach financial institutions, streamlining and shortening the claim process.
ABOUT
PPI Return is one of the UK’s leading PPI claims law firms with a wealth of experience and highly qualified legal advisors.
PPI Return is dedicated exclusively to helping clients regain mis-sold Payment Protection Insurance (PPI) payments. There are many thousands of people in the UK who were either mis-sold PPI or not informed of how the PPI worked when taking out loans. PPI Return works to correct this wrong doing and works on a highly competitive fee basis. PPI Return provides an online ’60 Second Test’ where you can quickly assess if you are entitled to make a claim for mis-sold PPI in addition to Web Chat with PPI Claim specialists.
CONTACT
PPI Return
Mersey Chambers
5 Old Churchyard
Liverpool
L2 8GW
Tel: 0800 877 8888
[email protected]
http://www.ppireturn.co.uk
