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PPI complaints jump almost two thirds following £4.9m Arnie-fronted campaign

PPI FCA Arnold Schwarzenegger 2

Consumers have netted a collective £3.7bn since the Financial Conduct Authority began running its Arnold Schwarzenegger-fronted payment protection insurance refund campaign.

The number represents a 64% increase on the previous 10 months. Duped customers have now received over £30bn in combined payouts.

The FCA initially spent £4.9m on production costs for the advertising

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Big Interview: Matt Brewis, KPMG

In his first interview since leaving the Financial Conduct Authority, Matt Brewis reflects on his time at the regulator, his new role at KPMG, and discusses the major sticking points between regulation and industry.

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