Banks in £1.3bn insurance mis-selling pay-out scheme

Martin Wheatley

The Financial Conduct Authority has reached an agreement with Card Protection Plan Limited and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s card protection and identity protection policies.

The insurance products, card protection, which cost approximately £30 per year and identity protection, which cost approximately £80 per year were widely mis-sold by CPP, resulting in a £10.5m fine in

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Pete Allchorne, partner at DAC Beachcroft and president of the Forum of Insurance Lawyers, would like to be “Doctorin’ the Tardis”, finds ironing therapeutic, and can be found dancing to “Uptown Funk” by Mark Ronson and Bruno Mars.

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