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4 Year high PPI claims as deadline looms

PPI claims hit a four-year high as complaints deadline looms

19 April 2018

Action PPI claims before 29th August 2019 deadline

PPI claims hit their highest level in nearly four years during the second half of 2017, the financial watchdog said today ahead of the 29 August complaints deadline.

The Financial Conduct Authority (FCA) reported that PPI complaints rose by 40 per cent between the first and second half of last year to reach 1.55m.

The watchdog said £415.8m was paid out January in redress to customers complaining about being mis-sold PPI, which is the highest amount since March 2016 and takes the total payout since January 2011 to £30bn.

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