On Air

Music Jam

Home

National

February 12, 2020 News Team

Figures revealed showing the scale of PPI claims in 2019


Figures revealed showing the scale of PPI claims in 2019

Figures revealed showing the scale of PPI claims in 2019
The deadline for complaints was the end of August
The financial ombudsman has been receiving around 3,500 new complaints every week about Payment Protection Insurance (PPI) typically, as it wades through the final compensation claims stemming from the scandal.

The Financial Ombudsman Service (FOS) received more than 41,500 complaints about PPI in the last three months of 2019 – a 72% increase compared with July to September.

The deadline for complaining directly to firms about PPI mis-selling was August 29 2019.

But people have still been able to escalate their complaint to the ombudsman after this date if they were unhappy about how their gripe was dealt with – provided they complained first to the firm they think is responsible within the deadline.

PPI was often tacked on to loan agreements without people wanting it or needing it.

The number of complaints about PPI dealt with by the FOS is now well over two million.

Published: 12/02/2020 by Radio NewsHub

Read

February 12, 2020 News Team

Half of Adults take mobile phone to the toilet


Half of Adults take mobile phone to the toilet

Half of Adults take mobile phone to the toilet
New research has been released by Direct Line
Half of UK adults take their mobile phone with them to the toilet, an insurer has found.

Some 50% of people surveyed for Direct Line Home Insurance said they do this, while one in six (16%) take their tablet with them and 4% use their games console.

As well as the health and hygiene risks, the survey of more than 2,000 people found that many may also suffer financial loss by taking expensive items with them into the bathroom, due to items being lost or broken and having to call out a plumber.

Two-fifths (40%) have accidentally dropped an item down the toilet or sink, with mobile phones and jewellery being the most common items, followed by money, keys, debit and credit cards, and wrist watches.

Nearly a quarter (22%) of those who dropped a piece of jewellery down a sink plughole or toilet could not retrieve it.

While the vast majority of people who dropped their mobile phone were able to retrieve it, in 43% of cases it was damaged or broken.

Published: 12/02/2020 by Radio NewsHub

Read