Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI sales 'have been reformed'

Payment Protection Insurance (PPI) sales have all been reformed.

This is according to Annie Shaw, founder, who explained a substantial number of enterprises have now pulled out of this sector.

Bundling and single-premium PPI products are unlawful, while point-of-sale transactions are likely to be banned later in 2012, she explained.

PPI refunds are forecast to cost banks an estimated £10 billion and this form of insurance is "no longer a cash cow", the expert continued.

Lloyds Banking Group recently revealed it has set aside £3.2 billion to cover the cost of compensation for missold PPI policies.

Members of the public still considering these policies should "always buy a product that suits their needs and covers them for the appropriate risk", Ms Shaw explained, arguing PPI still can be a "valuable product" for certain consumers.

It protects people who may not be able to afford to keep up with loan charges if they become unemployed, she pointed out.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.


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