FCA calls for deadline and consumer-awareness campaign on PPI

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A firm deadline on payment protection insurance claims and an industry-funded communication campaign have been outlined in the Financial Conduct Authority’s consultation paper, released today (26 November).

The FCA's paper said 18 firms who received around 90% of PPI complaints would finance a £42.2m communications drive, with the sum to be paid on a pro-rata complaints basis and over a two year period.

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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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