PPI

A claims management company has been reported to the Ministry of Justice (MoJ) over claims it repeatedly cold-called a financial adviser offering him £1,500 if he had been mis-sold payment protection insurance (PPI).

Five more days in the world of financial advice and every one of them was eventful…

New cases for the Financial Ombudsman Service(FOS) soared by 26% in the year to March 31 2011, driven by a record number of complaints about PPI mis-selling.

Warnings from the White House, an RBS share sale, fake mortgages and PPI winners - our round-up of today's national newspapers.

Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).

Leaving aside the question of advice, do you see simple protection products as a threat to IFAs or a stepping stone for clients? Should IFAs sell them alongside fully featured products?

Advisers could face lower FOS fees next year as banks begin shouldering the cost of handling payment protection insurance (PPI) complaints against them, the ombudsman said.

Angela Knight, chief executive of the British Bankers' Association, is facing calls from members to stand down following the collapse of the group's PPI appeal, according to reports.

The banking industry's decision to abandon its appeal against the High Court's judgment on the mis-selling of payment protection insurance (PPI) could lead to a further flood of claims.

After months of legal wrangling and refusals to co-operate with the regulators, the major high street banks have finally relented in their campaign to avoid PPI compensation payouts.