Other info of PPI from the FSA Details Here
Wed 26 Sept. FSA PPI Ivestigation
The Fundamentaly Supine Authority are due to announce the conclusions
to their investigation into Payment Protection Insurance.
The PPI market is huge and so are the figures. It is estimated that there are 20 million current policies in the UK, although it is widely believed that
figure for those policy holders who realise they have one is significantly
less.
The profit margins for the PPI industry are eye-wartering. From the income
received from PPI the payout for claims is just 20 percent compared to
motor insurance of 80 percent. Only 1 in 5 PPI claims are paid.
The FSA has conducted it's investigation into PPI with it's customary break-neck speed and has taken a mere two and a half years to conclude.
(from EXC)
Wed 26 Sept. FSA PPI Ivestigation
The Fundamentaly Supine Authority are due to announce the conclusions
to their investigation into Payment Protection Insurance.
The PPI market is huge and so are the figures. It is estimated that there are 20 million current policies in the UK, although it is widely believed that
figure for those policy holders who realise they have one is significantly
less.
The profit margins for the PPI industry are eye-wartering. From the income
received from PPI the payout for claims is just 20 percent compared to
motor insurance of 80 percent. Only 1 in 5 PPI claims are paid.
The FSA has conducted it's investigation into PPI with it's customary break-neck speed and has taken a mere two and a half years to conclude.
(from EXC)
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