Press release
PPI Most Complained About Financial Problem
FOR IMMEDIATE RELEASELondon, UK, 16th September, 2010: Payment Protection Insurance (PPI) was the most complained about financial issue in the first half of 2010, according to new figures.
The Financial Ombudsman Service (FOS) has received 30,000 complaints from consumers who have been mis-sold the policies.
The body received three times more complaints about PPI than the combined totals for mortgages, investments, and pensions.
Overall, 84,212 new complaints were made to the FOS about financial institutions between January and June, a rise of three per cent compared to the final six months of last year.
Natalie Ceeney, chief Ombudsman at the FOS, said: "The latest set of complaints data shows that some businesses are really committed to ensuring that complaints are handled well, and are used to inform and improve the service they offer their customers.
"However, the complaints data also shows there is still more that some businesses need to do to ensure that complaints are properly investigated and fairly resolved."
”Payment protection insurance is one of the most complained financial issues of 2010. This shouldn’t surprise many as there have been quite a few defaults in the past couple of years due to the global meltdown and job cuts” says financial analyst Charles Baker who has decades of experience in the financial industry. He works as a financial analyst for PPI ClaimCompany.co.uk.
“Most financial institutions are now focusing on catering to the complaints regarding payment protection interest of the customers. But the huge volume of complaints also raises doubts on the system which is being used to cater to such complaints.”
PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan insurance claims and PPI claim log on to http://www.ppiclaimcompany.co.uk/. You can also know about claim back loan and check out the free PPI reclaim calculator in the website.
Contact Details:
PPI Claims
Belmont Thornton
Suite 2, Unit 25
The Coda Center
Street: Munster Road
City: London
Post Code: SW6 6AW
Country: United Kingdom
Phone: 0207 717 9447
E-mail: alex@saveamillionshots.com
Website: http://www.ppiclaimcompany.co.uk
###
PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan insurance claims and PPI claim log on to http://www.ppiclaimcompany.co.uk/. You can also know about claim back loan and check out the free PPI reclaim calculator in the website.
PPI Claims
Belmont Thornton
Suite 2, Unit 25
The Coda Center
Street: Munster Road
City: London
Post Code: SW6 6AW
Country: United Kingdom
Phone: 0207 717 9447
E-mail: alex@saveamillionshots.com
Website: http://www.ppiclaimcompany.co.uk
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release PPI Most Complained About Financial Problem here
News-ID: 145054 • Views: …
More Releases for PPI
PPI Market Analysis Current Landscape and Future Outlook
The global PPI market was valued at approximately USD 4.9 billion in 2023 and is projected to reach around USD 7.73 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032 .
PPI Market Overview
The PPI market is experiencing steady growth, driven by the increasing prevalence of gastrointestinal disorders such as gastroesophageal reflux disease (GERD), peptic ulcers, and Zollinger-Ellison syndrome. The aging global population…
PPI Market 2024 Trends, Analysis, Growth, Opportunities, Forecast to 2031
The global proton pump inhibitors market is estimated to grow at a significant CAGR during the forecast period. Many researchers have found that proton pump inhibitors have raised the risk of COVID-19 in patients taking these medications. The researchers of the American Journal of Gastroenterology, in 2020, conducted research in which more than 55,000 people taking proton pump inhibitors participated, out of which 3,476 said that they had tested positive…
FSA Gives Banks Extension to Deal with 2011 PPI Claims
The Financial Services Authority (FSA) has given high street banks more time to deal with payment protection insurance (PPI) mis-selling claims.
The FSA has given banks
Under FSA rules PPI complaints have to be responded to within eight weeks.
The extension gives firms time to deal with claims which had been put on hold. It has also given more time for the firms to deal with PPI complaints received since the…
PPI Claims Delayed By Banks But This Time The FSA Stand Firm
Many customers will remember with some sorrow the manner in which the bank charges fiasco turned into an ultimately unfortunate defeat for many consumers. The banks halted the stem of complaints by lodging a test case against the Office of Fair Trading and the FSA at the time issued a waiver to allow all bank charges complaints to be kept on hold.
In 2010 following countless assessments and investigations, the FSA…
Mis-sold PPI - The Worst Personal Finance Scandal Ever?
New information released by the Financial Services Authority (FSA) could see mis-sold PPI become the worst ever personal finance scandal to hit Britain.
The FSA believes it will receive 2.75 million complaints about mis-sold PPI over the next five years. Compensation to the customers who have been mis-sold PPI policies is expected to top £4 billion.
Could mis-sold PPI become Britain's worst ever personal finance scandal? If the level of complaints…
PPI: EU Proposes Crackdown On Short-Selling
FOR IMMEDIATE RELEASE
London, UK, 15th September, 2010: The European Commission has unveiled plans to restrict short-selling and tighten controls on the derivatives market.
In what would be one of the most comprehensive reforms of the financial industry since the economic crisis, the body aims to create a new watchdog which would monitor and control both practices.
Short-selling is where investors sell a consumer's asset in the hope of buying it back at…
