Customers complaining about Payment Protection Insurance (PPI) mis-selling have received £776m in refunds this year to the end of September, according to the Financial Services Authority (FSA). According to the data a further £222m was paid to consumers in September. In the previous month a total of £239m in redress was paid to customers who had complained about the sale of PPI.

The FSA said in a statement: “We received complaints data, in arrears, from 16 firms, which accounted for 92 per cent of PPI complaints made in the first half of 2011.”

According to the City regulator, there has been a “significant rise” in refunds paid by firms that sold PPI in the past few months, following April’s court ruling in the FSA’s favour. Earlier this year, the FSA announced that consumers had received over £200m in the first six months of 2011.

It said: “We continue to monitor the firms to ensure all PPI complaints are handled appropriately.”

Altogether banks have set aside £7bn for the PPI mis-selling scandal, with the Financial Ombudsman Service (FOS) receiving a record 900 PPI complaints a day.

Sally Bowyer, Managing Director of leading claims firm, BrunelFranklin.com said: “So few people know that they were ever sold PPI that some commentators believe there may be 30-35 million policies in existence, the majority of which could have been mis-sold. If you have genuinely been mis-sold a policy, you should be looking to get back your full premium plus interest, by way of fair redress.”

Learn more about PPI refunds and find out if you could apply for a refund today! Visit the website www.brunelfranklin.com or call Brunel Franklin, free, on 0800 051 54 51.