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Category: PPI Claims

Rogue claim management firms to face tougher fines

Firms which make unsolicited calls about personal injury and mis-sold payment protection insurance (PPI) claims will face large fines under new laws. Tough new rules are being introduced by the government to crack down on rogue firms responsible for bombarding the public with misleading advertising and flooding banks with unsubstantiated

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PPI Scandal: The Positive and the Negative

Beginning in the late 1990’s, Payment Protection Insurance or PPI’ policies were sold along with mortgages, loans and credit cards, in order to pay off the amount owed if a borrower ever became sick or lost their job. And while in theory, PPI is a smart investment, a widespread scandal

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PPI issues in Ireland

Guest blog post regarding PPI claims investigations in Ireland. The Central Bank of Ireland has issued an update on its on-going investigation into the sale of PPI policies. This reveals that, at the request of the Central Bank, six banks – the Bank of Ireland, Allied Irish Banks, EBS, GE

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Black Mark for Banks – Gold Star for Red Star

There are billions of pounds out there waiting to be handed over and Red Star Financial Management is here to help you get your hands on it. British banks have been hammered for holding on to compensation they have set aside for the payment protection insurance (PPI) scandal. And claim

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Ombudsman releases latest PPI complaints data

The Financial Ombudsman Service has released its latest set of six-monthly complaints data relating to individual financial businesses – including banks, insurance companies and investment firms. Over the period, the ombudsman service received 135,170 new complaints – up 27% on the previous six months. Around 91% of the cases came

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Financial Services Authority Focuses on Handling of PPI Claims

The following is a guest blog post regarding the FSA‘s focus on the handling of PPI claims in the UK. There have been guidance consultation notes released by the Financial Services Authority (FSA) in March 2012. The report indicates that there needs to be further investigation into the ‘root causes’

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The Competition Commission Findings on Mis-Sold PPI

There was a Provisional Findings report of a market investigation in to payment protection insurance by the competition commission published on the 5th June of 2008, which although overdue, resulted in some great changes to our PPI sales system in the UK. There are now less and less opportunities or

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