Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

FSA 'right to act to avoid PPI claim-style scandal'

Consumer Focus has said the Financial Services Authority's (FSA) decision to investigate packaged bank accounts is the right course of action.

Banking customers need to be able to trust their financial provider, said Sarah Brooks, director of financial services at the charity.

"We have raised our concerns with the FSA that many consumers may have been mis-sold accounts, which mean they pay for extras they don't actually need or use," the expert added.

She expressed concerns that packaged bank accounts may have been mis-sold in a similar manner that led thousands of consumers to claim PPI refunds from their banks and credit card providers.

Ms Brooks stated that the FSA was right to propose action to make banks check customers are eligible for the insurance that is provided by many of the packaged bank accounts.

According to recent research from Defaqto, the number of these accounts available in the UK has doubled since 2006.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking. ADNFCR-2776-ID-800778459-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 
Post Code 
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 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