Payment Protection Insurance (PPI) Complaints Just Keep Comin’
Here’s some interesting figures on the number of insurance related complaints referred to the Financial Ombudsman Service (FOS):
- One complaint per 4,100 motor policies
- One complaint per 12,700 travel policies
- One complaint for every 14,700 annuity contracts
Not many complaints there then, unfortunately the same can’t be said for Payment Protection Insurance (PPI) which had over 25,000 complaints made against it to the FOS in the last six months of 2009. Needless to say: the majority of these complaints where relating to PPI sold by one or more of the major high street banks. Read more about the latest FOS figures released today here…
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