Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
New PPI regulations will protect customers

New regulations to control the sale of payment protection insurance (PPI) will protect consumers from hard-edged sales tactics, according to an expert.

Martin Bamford, chartered financial planner at financial services firm Informed Choice, claimed that proposed changes will remove the "pressured environment" consumers are subjected to when purchasing the policies.

Furthermore, they could also reduce the total volume of sales which are mis-sold, although he claimed this will not impact on the number of "suitable sales".

Despite greater regulation of the sale of PPI, complaints about the policies continue to dominate the list of financial disputes handled by the Financial Ombudsman Service (FOS).

Just under half (45 per cent) of all the complaints received by the FOS in the third-quarter of the year related to PPI, according to official figures.

"It will take some time for complaints figures to fall as a result of the new sales regulations, but these should have a big impact in reducing the number of unsuitable sales of PPI," Mr Bamford added.

Posted by Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking ADNFCR-2776-ID-800234144-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide