A recent survey of East Midlands residents revealed that 7 out of 10 ( 68% ) believe that Bankers should face criminal charges over fraudulenty selling Payment Protection Insurance or PPI.

The survey also goes on to say that 60% of Midlands residents would like to see the Government actually track down people who were mis-sold PPI and start the compensation prceedure before a personal complaint has to be made. 51% also suggested that living relatives of deceased victims of PPI mis-sellling should recieve the money made by the Banks and 25% agreed that in cases where releatives cannot be determined, the compensation should be given to charity.

The total value of unclaimed PPI policies mis-sold to people in the East Midlands has been estimated at £1.14billion – with £164million of that owed to people in Leicestershire, £172miliion to residents of Northamptonshire, £184million to people in Lincolnshire and £200million to people living in Nottinghamshire.


Midlands Residents PPI information

This survey highlights the confusion still surrounding Payment Protection Insurance (PPI). The Banks are constantly trying to limit their exposure by using the main stream press to lobby for “time limits”, “compensation limits”.

The notion of the Government tracking down people who have been mis-sold PPI may be a rather large ask, but it does have it’s merrits.

Can i claim PPI for a deceased Parent or Relative.

YES. The claim becomes part of the estate of the deceased. You can file a claim, and it will be distributed accordingly.

After a parent or relative passes, one of the routine things that children are left dealing with are the “loose ends” of their parents estate and financial dealings. This includes handling all their outstanding debts, as well as taking inventory and managing any insurance policies they may have taken out on said debts. Many parents, in an effort to both manage and provide protection for both themselves and their children against their debts, bought into insurance policies that are designed to ensure the repayment of debts upon death. Understanding these policies, as well as one’s ability to claim PPI and what that means can make the whole picture a lot clearer. Read More

Unclaimed PPI going to Charity

This is a very noble suggestion and you can tell from the sentiment that people in the Midlands are furious about the scandal. I suspect that the Banks would fight this tooth and nail if it ever became a wider public sentiment.

Well over half of people in the UK (55%) also believe that claims previously rejected by banks should be reopened, with 54% of people in the East Midlands sharing that opinion. Indeed, suspicions about complaints procedures grew further last month when call centre staff at Lloyds TSB were revealed to be delaying and rejecting PPI compensation requests in the hope that disgruntled policy holders would give up on their claims.

Some four million (58%) of the 6.85 million PPI complaints made between the start of 2010 and the end of 2012 were upheld by the banks. Complainants gave up on just under 2.4 million (84%) of the 2.86 million complaints rejected – a statistic made more worrying by the fact that 64% of complaints brought to the FOS after being rejected by the banks were actually upheld. These abandoned claims are worth a combined £4.2billion.

Once rejected by the banks, consumers have six months to submit a complaint to the FOS. The high uphold rate at the FOS indicates that a large proportion of the rejected claims given up on by complainants may have been valid and worthy of compensation.

Santander UK upheld 83% of PPI complaints in the three-year period in question, the most of any major bank, though 53% of claims rejected by Santander and brought to the FOS were then upheld.

Just 19% of those surveyed nationally and 24% in the East Midlands feel that banks should be allowed to negotiate a legally upheld deadline of 12 months for claims. Talks between lenders and consumer groups on similar proposals collapsed in June and negative consumer sentiment was also evident in the survey, as 62% of people in the East Midlands and 63% across the UK completely dismissed the idea of banks putting a best-before date on claims.


Original Survey : www.northantslife.co.uk/seven-in-10-people

Payment Protection Insurance ( PPI ) News & Information

FCA investigates Two Banks for mis handling PPI Claims

The FCA has confirmed that they are investigating two Banks for mis-handling PPI Claims. This comes after a report last week that the Financial Ombudsman (FOS) has seen an increase of PPI complaints being filed with them.

PPI complaints that are rejected by Banks are typically sent to the FOS for review. Our review of this last week pointed out that the FOS found that 8 out of 10 PPI complaints were upheld by the FOS. This has lead to the FCA stepping in to investigate the two main Banks that are rejecting valid PPI claims from customers.

Read More

Banks rejecting legitimate PPI Complaints

The recent increase in PPI complaints being recieved by the FOS is a direct results of Banks rejecting increasing numbers of legitimate PPI complaints being sent to them. The FOS has upheld 8 out of 10 PPI complaints forwarded to them.

This 80% of upheld complaints by the FOS highlights how the Banks are increasingly rejecting valid PPI complaints being made by customers.

Read More

PPI Complaints still rising for the Financial Ombudsman

A record 86% of all complaints made to the Financial Ombudsman service is about PPI mis-selling. In the first half of the year a reported 266,228 PPI complaints for mis-selling have been lodged.

PPI complaints show no sign of slowing down. We have recently reported that Barclays was recieving an estimated 1,500 PPI complaints per day ( see article ), The FOS was recieving upwards of 2,000 PPI complaints per day in July (see article)

This backs up the theory that only around 1 in 10 people have actually made a PPI claim based on their mis-sold policy. With figures like these, we can expect to see PPI complaints rising for a while longer.

Read More

PPI Claims Service – Midlands, UK

Maple Leaf Financial have a specialist team of solicitors dedicated to dealing with the mis-selling of payment protection Insurance (PPI) products by the banks. We are happy to review these PPI products and to claim compensation for our clients where appropriate.

We will work with you to ensure that you get the correct PPI settlement or refund and any and all fair compensation that may be due to you as a result of PPI mis-selling. We will deal directly with your PPI provider, be it a bank or insurance company and neither we nor our specialist claims team will be fobbed off by them at any stage. If their offer is too low or derogatory and they won’t take us seriously we will challenge them on your behalf.

Read More

Tim Capper reports on Financial Mis-Selling for Maple Leaf Financial. Our aim is to ensure you get honest advice and proper guidance to ensure a suitable recommendation can be made to pursue a financial claim


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Tim Capper

Bringing you financial news and information in plain english for Maple Leaf Financial. My aim is to help readers understand these often complex financial instruments.