Saturday, February 9, 2013

PPI claimants paid gmcs £ 960 last year

February 6, 2013 |By Newsdesk

FSCS data show fee structure

The average payment protection insurance (PPI) claimant paid claims management companies (gmcs) £ 960 of their claim in cost, according to the Financial Services Compensation Scheme.

Last year, gmcs were paid £ 7.4 m in compensation, and £ 22 m have received since the mass-selling scandal broke, according to The Independent.

About three-fifths of PPI claims came from assisting in 2012, according to the research.

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Title Post: PPI claimants paid gmcs £ 960 last year
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