Skip to content

Great News for Exeter Business Network Member!

November 1, 2011

“IFA urged to find solid claims management firms”

An IFA has urged his fellow-advisers to link their clients with trustworthy claims management firms, amid concerns banks are under-compensating claimants for payment protection insurance.”

David Penny, managing director of Somerset-based Invest Southwest IFA, said he has referred at least 20 clients to a claims management company, which found they had been given less compensation on mis-sold policies than what they were entitled to.

Mr Penny referred his client to Debt Solutions South West.  Its principal John Hawkey said: “Banks have been instructed to payout fully, based on three components: premium, interest and statutory interest. I am seeing offers that come back excluding statutory interest or are so complicated in their calculations that you have no clue what is going on. It is not all lenders, but some of the major ones are indulging in these practices.”

Full Story here

By Marc Shoffman |First Published Oct 26, 2011

 

 

 

Advertisements
One Comment
  1. Ppi claims permalink

    Thanks for ones marvelous posting! I quite enjoyed reading it, you may be a great author.I will make sure to bookmark your blog and may come back from now on.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: