This is some text prior to the author information. You can change this text from the admin section of WP-Gravatar To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this authorPayment Protection Insurance (PPI) has been included in a great many loans, including mortgages. What this means is that you could be paying for a policy that you didn’t ask for or want as well as paying back your mortgage. But thankfully, the FSA have stepped in and agreed a £60m package to reimberse all those that have been unfarily sold PPI.
Whether £60m will be enough, only time will tell but it is a big enough figure to get things started. The PPI compensation will be repaid by the Mortgage Payment Protection Insurance (MPPI) providers and is just part of the plan to clean up PPI and give customers their money back. To find out more about the scheme, check out this article in the Financial Times.
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