CMCs significantly reduce PPI compensation

The comments follow concerns raised claims management companies (CMCs) are about to start targeting consumers who have bought PPI. Attention has been drawn to PPI because of concerns about inappropriate sales, inadequate information, sales to people who already have other insurance and the sale of policies to people who are never going to be able to claim on their policy, for example if they have a pre-existing medical condition. Jonathan Davies, partner of RPC, says redress for most PPI claims is the return of the insurance premium paid and the relatively modest size of this means cons...