CMCs pocketed £7.4m from PPI claims in 2012


Figures from the Financial Services Compensation Scheme (FSCS) revealed that of 19,000 claims submitted over PPI last year, 59% came from CMCs.

The number of claims made via CMCs has fallen since 2011, when 76% were made by such firms.

The average payout to those making their own claim in 2012 was almost £4,895, compared to £3,837 to those who used a CMC.

With CMCs taking an average of 25% of compensation, the average claimant pays almost £960 of their compensation to the firm they have used to

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 copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: