FCA to set PPI deadline after detecting 'false claims'

Carmen Reichman
clock

The Financial Conduct Authority (FCA) is to consult on introducing a deadline for bringing complaints about payment protection insurance (PPI) after its research showed a 'significant number' of claims brought did not include a PPI sale.

The regulator wants to introduce a deadline for two years after the rule change comes in from when consumers lose the right to have their claims assessed by firms or the ombudsman service. The r...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Abby Thomas, the FOS' incoming CEO and chief ombudsman

FOS appoints new CEO and chief ombudsman

Replacing Nausicaa Delfas

clock 08 June 2022 • 2 min read
CEO of Tilney Smith & Williamson Chris Woodhouse

Tilney Smith & Williamson sees gross inflows of £4.5bn in nine months

AuM rises 9.2% to £56bn up to September

Pedro Goncalves
clock 01 November 2021 • 1 min read
Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

FCA data

Georgie Lee
clock 01 November 2021 • 2 min read