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Payment protection insurance (PPI) - all the information you need!

Payment protection insurance (PPI) was mis-sold to a number of people who did not need or want it, or even know that they had it. It is a general insurance that began to be sold alongside many types of finance in the 1980s and was eventually stopped by regulatory improvements in 2012.

If you were mis-sold PPI, then you may be able to submit a claim for compensation. If you are the Executor/Administrator of an estate, then you may also wish to consider the possibility that the estate could submit a claim for compensation.

The deadline for submitting claims is fast approaching on 29 August 2019, so it is important to act sooner rather than later if you think that you/an estate might have a claim.

It is also important to note that the risk of choosing not to investigate a claim on behalf of an estate is that after 29 August, claims management companies could begin to pursue outstanding claims against Executors/Administrators on behalf of an estates beneficiaries.

For active matters where the Gregg Latchams WRH Executor and Trustee Company is appointed as an Executor/Administrator, we will be instructing a claims management company to investigate the position on a no win no fee basis.

Where Gregg Latchams WRH Executor and Trustee Company is not appointed as an Executor/Administrator, investigating the position does not form part of our retainer. Our clients (the Executors/Administrators) should therefore investigate the position themselves, if they believe it appropriate to do so.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.

Categories: For Business | For You | GL Integrity Financial Planning | Tax and Private Wealth | Personal Legal Services

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