Last week was a fairly quiet week in the PPI world, we are still awaiting some clarity and progression on the judicial review and are beginning to see how the banks are looking to deal with complaints.
I noted in the press last week that Capita Insurance Services have conducted a small survey into attitudes of PPI. It suggested that almost 30% of loan customers who have cancelled or are considering cancelling their payment protection insurance (PPI) would consider a replacement policy.
This of course is prudent (but surprising) information given the present wave of consumers claiming compensation from the banks. If any consumer is successful, it will have the effect of removing their PPI from their account. Of course, this leaves them at risk if they do have to take time off from work due to accident, sickness or redundancy.
It is always important to protect yourself in case you are unable to work and there are some excellent products on the market which will give you much more comprehensive cover.
If you think you have been mis-sold Payment Protection Insurance, don't hesitate to approach us to make a claim at http://www.ppireturn.co.uk/
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