PPI victims ‘should have got £5bn more’ – BBC News

Posted May 13th, 2016 in compensation, consumer protection, insurance, news by tracey

‘Twelve million consumers who were mis-sold Payment Protection Insurance (PPI) should have got an extra £5bn, a group of MPs has said. That is the total amount that claims management companies charged clients to process their complaints.
MPs on the Public Accounts Committee (PAC) said they were disappointed the money did not go to the victims of the scandal.’

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BBC News, 13th May 2016

Source: www.bbc.co.uk