PPI deadline prompted millions of new cases, says regulator
Image copyright PA Media
Payment protection insurance (PPI) was mis-sold to nine out of 10 people who complained about their policy in final months before a compensation deadline.
PPI was designed to cover loan repayments when policyholders fell ill, had an accident, or lost their jobs.
Up to 64 million policies were sold, mostly between 1990 and 2010, but it proved to be the UK’s biggest…
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