Payment protection insurance (PPI)

News analysis - FSCS: Outrage as FSCS bills rise

Brokers have been hit by a dramatic rise in bills from the Financial Services Compensation Scheme, which has a sparked a huge controversy as brokers feel they are paying for the misdemeanours of others, writes Andrew Tjaardstra

Opinion: Editor's comment - July 2010

Have you received your letter, the one that informs you that your Financial Services Compensation Scheme (FSCS) bill has gone up a bit? "A bit?" I hear you cry. And cry you might for brokers are reporting increases of up to 800%.

FSA extends PPI complaint window

The Financial Services Authority (FSA) has announced a temporary rule to give customers, who recently made a complaint about their payment protection insurance (PPI) policy, more time in which to refer their complaint to the Financial Ombudsman Service …

Biba launches new PPI scheme

Biba has appointed Millennium Insurance, the distribution arm of Direct Group, as the provider of its new members scheme for protection insurance.

'Obscene' levies squeeze broker finances

Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees

FSCS predicts rise in PPI claims

Rising payment protection insurance (PPI) and investment claims are key drivers of compensation costs for the rest of 2009/10 and into 2010/11, according to the Financial Services Compensation Scheme.

Changing the face of PPI

The bad atmosphere surrounding payment protection insurance (PPI) seems to have tainted the sector to such an extent that it may not survive much longer in its current form, writes Liz McMahon

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