PPI Palava

Britain is on the verge of new PPI claims. You could claim back thousands, for over the years PPI was sold to millions of loan-takers, despite many never being able to claim its benefits thanks to multifarious small-print exclusions.

With hefty commissions on offer, banks feverishly sold PPI regardless of whether it was of any use to the customer. Since 2010 more than £35bn has been handed back in compensation to mis-sold customers.

Claims were meant to end last August. But there is a new scandal that could lead to further claims. The issue now goes beyond miss-selling and focuses on the commission banks earned from insurance firms when they sold PPI. A large percentage of the PPI premiums customers paid went towards the commission, not the insurance. In some cases 97% of customers’ payments went to the salesman. The salespeople benefited disproportionately, and they were paid fat commissions.

Those fat commissions might be about to be repaid.

The good news for customers is that you may be able to get money back, even if you weren’t mis-sold PPI, seeing as more than two-thirds of the premium was going to intermediaries, not for the product.

The Financial Conduct Authority (FCA) ruled in 2017 that the banks should refund the excess when commission payments made up over 50% of a premium. But several people have successfully gone to court to argue that their PPI policies were unfair and have won far more of the commission back. This could open the legal gates for everyone to reclaim all of the commission they paid.

In one case a customer discovered that a PPI policy sold by Citibank funnelled 95.2% of the premiums towards commission. Citibank must now repay £7,954.

A new round of PPI claims is likely about to start, in earnest. Be sure to recheck any policy taken out to see if you could benefit.

Quote Of The Day

“Life is very interesting…in the end, some of your greatest pains, become your greatest strengths.”

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Drew Barrymore

Alternative Quote Of The Day

“A bikini is like a barbed-wire fence. It protects the property without obstructing the view.”

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Joey Adams

Don’t Run A Business – Licence Instead  

For many people, the hassle and risk of running a business just isn’t for them. They have a great product or service idea but lack the skills or motivation to carry it forward. Rather than let the idea wither and die, there is a solution, one that leaves the production, marketing, research, sales, accounting and distribution headaches to someone else.

Licencing has grown in popularity in recent years. In the USA alone, it’s a $500 Billion industry. Many of the products you see on sale today have been developed by individuals and then licenced to major corporations in return for a royalty. Perhaps this type of arrangement could be something that would fit in with your plans. For many, it’s the perfect solution.

Today’s National Day

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NATIONAL GOOD NEIGHBOUR DAY!

PUBLISHERS NOTICE

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“How To Beat This Crisis!”

Dear Streetwise Customer,

By any measure, the last few months have been traumatic.

I’m not going to dwell on the details – you’re already being bombarded with the negative news from all angles and it feels like there’s no escape.

You know what’s happening…but maybe you don’t know what to do about it.

The scale and duration of the   health risk remains uncertain, but the economic impact is likely to be felt much more widely and be much longer lasting. Anyone running a pub, restaurant, café, bar or any other kind of hospitality or events business faces an uncertain future – as does anyone whose business relies on face to face interaction with their fellow humans. In fact this is likely to have a knock-on impact on businesses we haven’t even thought about yet.

And  yet  those  people – just  like  everyone  else –  needs  to  continue making money.

They need to keep a roof over their head, food on the table and be in position to go again when all this ends and we get back to normal.

What if there was a way to make as   much  money as  you  need (and  a great  deal  more) without leaving home – one which can not only  survive the crisis we’re currently experiencing, but actually thrives from it?

If you were to design a money  making  strategy  from  scratch  to  take
advantage of   the  circumstances  we’re  currently  experiencing,  this  is exactly what you’d come up with – a business where…

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How do I know this is perfect for now? 

Because the guy who developed it is something of a recluse.

He started self-isolating years ago before it became a thing, and has run this business from the top of a French mountain, from a remote Swedish farm and from the wilds of northern Scotland.

If you’re looking for an insurance  policy  that  will  enable  you  to  make money without leaving home to steer you through this crisis and beyond, I can genuinely think of nothing which fits the bill more closely.

Take a look now and respond today.  In every crisis, there are opportunities.

Even if you’ve looked at doing something like this before and decided against, think again. Now is the time.

Click HERE for more information

Kind Regards,

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John Harrison

  P.S Uncertain and volatile times are precisely when this works best. 
         What other opportunity can you say that about? 

http://www.streetwisenews.com/wizard