
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 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 Insurer
Most read
- Gallagher denies negligence and breaches over Paradigm claim
- PIB 2021 deal costs total £85.5m
- GWP up but profit and COR deteriorate for Allianz Holdings
- Ageas names Claire Green as director of distribution
- Gallagher buys specialist crisis and risk management consultancy AnotherDay
- RSA posts UK underwriting loss
- FCA reveals final rules on appointed representatives