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

[The Debt Star]

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

You can sit this out a little longer if you want to, or go to the FOS, I am sitting this out a bit longer with mine, in hope some sort of decision will be made over the next month or so.

I'm following your lead on my First Direct PPI, Di, as it seems to me that there might not be much of a time delay. Also FD wrote promptly and said they have noted the claim and are awaiting the JR. So I can live with that.
However, on a card where PPI was sold and another bank are denying ever having sold it, thenm I have gone to the FOS now.
It depends on who it is and the circumstances of the complaint.

[EXC]

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

He's paying £87.76 a month over a period of 120 months for worthless PPI.

This amounts to £10531 on it's own WITHOUT interest on it as I really wouldn't know where to start. If someone could be so kind as to perhaps work out an average amount of interest on the PPI this would be appreciated.

I think that one's a job for Turbo aka the human calculator.

No rumours on the judgment I'm afraid but it shouldn't be long now

[Turboman]

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

I think that one's a job for Turbo aka the human calculator.

No rumours on the judgment I'm afraid but it shouldn't be long now

be onit at 6:05-lol

[Turboman]

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

Soapy--have startred a separate thread here

http://www.legalbeagles.info/forums/...876#post202876

so we don't interupt the general discussion on this thread with techie sums & precidents on similar cases

[MBD23]

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

Jonathan Evans, chair of the All Party Parliamentary Group on Insurance Financial Services, has warned that the final figure for payment protection insurance mis-selling compensation could end up as high as £4bn.

Speaking in the opening session of the group's inquiry into the Financial Services Compensation Scheme, Mr Evans said that "a significant figure is going to become a colossal figure."

He added that an industry source had told him that the figure in relation to PPI could become as high as £4bn and that most profit has ended up in the banking sector.

When questioned on the figure, Eric Galbraith, chief executive of the British Insurers Brokers Association said that the figure could be in the billions, but that it is "unquantifiable".

Mr Galbraith added: "I want to make it clear - we agree with the concept of compensation. The provision for compensation for customers plays an important part in increasing public confidence in financial services.

"However recent levies on our members - resulting from the failure of certain companies in our FSCS sub class whose main business is not insurance intermediation and who mis- sold PPI - has highlighted the inappropriate structure of the FSCS and is causing members massive concern.

He added: "Secondly, there was supposed to be a consultation on the FSCS at the end of last year but this has been delayed. Unfortunately I'm not convinced that the FSA have the desire to really try to resolve this, if or when they consult on the FSCS.

"It is therefore very important that we have this opportunity today to highlight the need for change and for the consultation to commence, as soon as possible, in order to create a more equitable scheme of compensation."




Read more: http://www.postonline.co.uk/post/new...#ixzz1GFUwgPSO
Post - Insurance news for the UK. Subscribe now.

[EXC]

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

Interesting piece by big 4 accountancy firm KPMG on the win/lose scenarios for the banks.

http://www.kpmg.com/UK/en/IssuesAndI...45BILLION.aspx

[cappo]

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

Interesting piece by big 4 accountancy firm KPMG on the win/lose scenarios for the banks.

http://www.kpmg.com/UK/en/IssuesAndI...45BILLION.aspx

sounds like according to these guys it,s a lose/lose for the banks.

[pompeyfaith]

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

Cappo,

Indeed that has been my view for ages, as far as the consumer goes whether they win or lose they will still have to redress the consumer which is why I cannot understand the hold up of complaints.

All the banks are doing is costing themselves more in statutory interest and if that is 6/18 mths can add up to a tidy extra sum.

Furthermore they say it will cost 4.5billions that is small fry to the financial industry and thus get no sympathy from me

[cappo]

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

Cappo,

Indeed that has been my view for ages, as far as the consumer goes whether they win or lose they will still have to redress the consumer which is why I cannot understand the hold up of complaints.

All the banks are doing is costing themselves more in statutory interest and if that is 6/18 mths can add up to a tidy extra sum.

Furthermore they say it will cost 4.5billions that is small fry to the financial industry and thus get no sympathy from me

i think the situation being as it is and the banks getting there way over unenforceable loans and bank charges i don,t know if the government are going to risk siding with them again i think your right my man it,s going to cost the banks in the end.

[cappo]

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

comment from the deputy p.m

Clegg: I wanted to bankers necks - Yahoo! News UK

[leclerc]

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

Headline should say "Clegg: I wanted to ring bankers necks"

[cappo]

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

Headline should say "Clegg: I wanted to ring bankers necks"

i must have missed that bit when i clicked nattie,it seems like we,ve got a friend in government

[leclerc]

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

i must have missed that bit when i clicked nattie,it seems like we,ve got a friend in government

Cappo, read the link three posts up. When you click the link, the headline is right but the copy and paste loses the odd word

[Angry Cat]

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

http://www.dailymail.co.uk/news/arti...ping-city.html

[leclerc]

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

comment from the deputy p.m

Clegg: I wanted to bankers necks - Yahoo! News UK

AC, cappo's already posted the story but from one that was used by Yahoo news.