PPI – new eye-boggling numbers
By any stretch of the imagination a 140% increase in the payment protection insurance (PPI) workload of the Financial Ombudsman Service (FOS) is news.
In the year to 31 March 2013 the FOS received 378,699 new PPI complaints - 74% of its total workload - up from 157,716 the year before.
However, for brokers who have long complained that they are being treated like a fruit machine stuck on "pay-out jackpot mode" there was a glimmer of good news.
In its annual review the FOS stated: "Towards the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Insurers face another Covid-19 business interruption action group
- Brokers face staff shortfall amid Great Resignation
- Blanc exits Hastings board as Mark Cliff steps in
- Allianz appoints regional branch manager
- Broker turned Tory MP Christian Wakeford defects to Labour
- First Underwriting eyes £130m GWP
- Aviva to boost underwriting team in move to invest in regional brokers