PPI Compensation Fund Set to Run Out as Claims Double, Says PPI Reclaims Company Missoldppiclaims.info
Summary
predicts that Royal Bank of Scotland and HSBC have a little longer to prepare, as their funds are likely to run out by June and August respectively based their PPI claims level.We’re campaigning for Big Change in the culture of banking to put customers first, not bankers and protect the public suffering from further mis-selling and scandals,” said Mr Vicary Smith.has been keeping a running total of complaints compared to the actual size of the PPI fund have allocated to deal with claims and compensation.All estimates so far have shown that the fund could run out as early as January 2013.According to the Financial Services Authority, Claims for PPI have rose to 2.2 million in the first six months of 2012, which is almost double the amount compared to the previous year.predicts that Royal Bank of Scotland and HSBC have a little longer to prepare, as their funds are likely to run out by June and August respectively based their PPI claims level.