PPI Deadline – 29 August 2024

THE CLOCK IS TICKING…

The Financial Conduct Authority (FCA) announced the PPI August deadline on 2nd March 2023.
This means that consumers have until the cut off date of 29th August 2024 to make a PPI complaint, should they wish to do so.
If you believe you were mis-sold PPI, you must submit your claim to your bank/lender by this date.
Over £23 billion has already been repaid**, but this figure could be just a fraction of what may still be owed.
Even though the deadline is a way off, don’t delay. From August 2017 the FCA will spend millions marketing the cut-off, which is likely to cause a flood of new claims, which in turn could clog up an already over stretched system.

** Financial Times “PPI Claims Boosted by value of interest payouts”