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MyFinancialComplaint.com Launches To Give Consumers The Advantage Over Financial Giants
Following a recent Supreme Court Ruling (Plevin v Paragon Finance Limited), customers who previously had their Payment Protection Insurance (“PPI”) single premium complaint rejected may now be able to reopen their case.
The Plevin case was won based on the excessive commission paid out on PPI single premiums - in this case 72%. It is expected that the decision will create a new wave of complainants taking advantage of this new ruling - they could number well into the millions.
MyFinancialComplaint.com has been launched to provide a voice for consumers who need expert assistance to seek compensation for a mis-sale of a financial product, including PPI. For PPI complaints, the Financial Complaints Authority (“FCA”) has proposed a deadline, which is expected to be confirmed as Spring 2018. As the average complaint can take many months to be heard, it's important that people act now. Nasar Zamir of MyFinancialComplaint.com takes up the story:
“It is estimated that PPIs have cost the financial industry in excess of £20 billion to date, so the FCA is keen to draw a line under the whole sorry business. That’s why it’s important people get their complaint underway as soon as possible. As actuarial specialists, we have a complete understanding of financial products - insurance products are devised by actuaries after all.
MyFinancialComplaint.com has the expertise to manage PPI claims - even claims that were previously rejected. If we’re unsuccessful with the policy provider, we will then pursue the matter with the Financial Ombudsman Service ("FOS") or through the courts if necessary.
Most people who require professional assistance think using a solicitor or a claims management company ("CMCs") is the only way to pursue a claim. However, many solicitors and CMCs simply don’t have the financial expertise or experience to handle financial complaints in the most effective manner and therefore may compromise a successful outcome for the consumer.
We set up MyFinancialComplaint.com to provide consumers with a really cost-effective alternative. It’s not just PPIs that we deal with - we also deal with investment and pension complaints. As actuarial experts we are best positioned to help in these matters, leaving no stone unturned to achieve the best outcome for the consumer”
For further information, interviews or images, please call Sara Stewart on 01684 893347 or email firstname.lastname@example.org
MyFinancialComplaint.com provides a consumer financial complaints service. This service is delivered by Congruent - a leading actuarial and risk advisory services company which has significant experience in dealing with complex financial product and service complaints.
This press release was distributed by ResponseSource Press Release Wire on behalf of Mad as a March Hare (MFC) in the following categories: Consumer Technology, Personal Finance, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.