Consumers are missing out on £18.3bn worth of compensation for the mis-selling of payment protection insurance (PPI) policies, according to research by claims management firm EMCAS.
The final amount due for financial mis-selling would be even more if consumers reclaimed what is owed for mis-sold endowment mortgages and savings and investment products, said EMCAS. Almost 11 million Brits are unsure if they can claim for financial mis-selling or have no idea if they have been mis-sold to, said the firm. Those who have been mis-sold to but have yet to make a claim could be missing out on substantial amounts - the average payout for a claim about mis-sold PPI is £2,6503. EMCAS said its research showed consumers who are making claims are experiencing delays as bank...
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