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FOS receives more than 1000 PPI claims a day

A wad of UK Sterling banknotes

The Financial Ombudsman Service has revealed that it now receives 1500 payment protection insurance complaints every day, taking the overall total beyond 400 000.

The FOS said that its advice on tackling disputes has gone unheeded.

"Our approach to deciding PPI complaints is well established, and our online PPI resource contains all kinds of information and

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