Upheld PPI complaints nearing 90% - FOS

It says the number of cases being upheld in 2008/9 is approaching 90%, significantly above the 50% 'benchmark' average across all other products combined. Moreover, the total number of PPI complaints is set to hit 30,000 by the end of the financial year, again substantially above the 20-25,000 forecasted in January. This represents an average of around 500 new cases every week, although the FOS says it recorded more than 800 complaints last week alone. The 30,000 figure compares with just 10,000 PPI complaints in 2007/8 and only 1,800 in 2006/7, which represents just a sixteenth of th...