Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

fair doos

CT
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so basically there's not much to report?
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http://blogs.telegraph.co.uk/finance...ection-racket/

at least someone else is on our side!

CT

[Sapphire]

Re: Latest updates on PPI Judicial Review and claims on hold

I saw Martin on Daybreak this morning, proper put me off my breakfast :wink:

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

done....and basically yep, nothing much to report, much like waiting for Santa

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

And while we wait.... in other news

[/list]

Apologes but this post from earlier, is there a thread or are LB going to respond to this one or do we not respond to it ie not allowed to?
Am reading it and got some stuff to shove somewhere but not sure where, ta muchly.

Not about PPI JR so kinda off topic but on topic.

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

lol, start a new thread with it Nats if it isn;t already up xx

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

Whats BBA's counsels name I can't find it, Pamik ?

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

yup, Lord Pannick QC!
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eww, just tried to post a table of the solicitors & barristers involved and it went naaaaaaasty!

I'll write it out again!

CT
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Solicitors

BBA
Simon Orton
David Scott

FSA
Richard Caird

FOS
Delme Griffiths

Nemo (interested party
Andrew Lidbetter

Barristers

BBA
Charles Flint QC
Lord Pannick QC
Javan Herberg
Simon Pritchard

FSA
Michael Brindle QC
Monica Carss-Frisk QC
Richard Coleman
James McClelland

FOS
Hodge Malek QC
James Strachan

Nemo
Michael Fordham QC

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

Paste it into Notepad or Wordpad first, the copy paste to here from there- it gets rid of all the html tags.

Thanks will put Pannicks name into the outline of this mornings goings on.

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

hopefully it looks a bit better now no "[font]"'s!

CT

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

Wasn't Pritchard involved in bank charges test case?

EDIT:
Simon Pritchard - Blackstone Chambers

Clearly not :o
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Lord Pannick QC - Blackstone Chambers

Lord Pannick represented Max Mosley based on privacy laws at the EU court...interesting.

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

Nothing we dont already know has come up in the BBAs monologue so far except maybe some figures that in 2006 an estimated 6.5 million policies were sold annually making £5.4billion per annum !!!!!

I believe their figures came from the OFT from OFT launches study of payment protection insurance - The Office of Fair Trading

PPI is applied to a number of credit products including mortgages, loans and credit cards and protects a borrower's ability to keep up the payments on the loan in case of accident, sickness or unemployment, usually for 12 months or sometimes longer. Around 6.5 to 7.5 million policies are taken out each year generating premium income estimated in 2003 at £5.4billion.

Just by way of reference to get the scale of this in 2006 banks earned £2.6 billion levying charges associated with insufficient funds (from £8.3 billion OVERALL revenue from PCAs from 65 million PCA's).

In 2006 the aggregate revenue of banks from current accounts was approximately £8.3 billion.
PCAs generate more revenue for banks than savings and credit cards combined: 31 per cent
compared with 17 per cent and 13 per cent respectively. Banks earned over 85 per cent of
their revenues on PCAs from two sources: net interest income from credit and debit balances
(£4.6 billion), and levying charges associated with insufficient funds (£2.6 billion

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

FSA and FOS barristers are quite boring to be honest so prediction for me is a BBA win to be honest....

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

lol, as good a guess as any. Tbh it sounds like the Judge (and others in the court room) is getting a bit bored and asked Pannick to chivvy it along a few times. EXC will give you all the juicy bits later I expect lol.

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

bring on the juice!

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

Back and forth at the mo folks, electric off and on due to some electrical works, getting interesting then?