PPI repayments to boost economy

Forecasts show that PPI claims payouts could boost the UK economy by at least £6 billion in 2013. With a big increase in claims case handlers, this means more jobs and quicker payouts.

The economy is set to see a £6bn-plus boost in 2013 alone, when compensation for PPI mis-selling is paid back to customers across the UK.

Banks are said to have set aside over £10bn to cover costs associated with giving compensation payouts to their customers. It is estimated that 2013 will have a record number payouts from banks settling PPI claims, with the Financial Ombudsman Service (FOS) saying they expect to settle over three times as many cases than in previous years.

The FSO is aiming to resolve 245,000 PPI cases from 2013, compared to 90,000 in the 2011/12 financial year. By increasing their case fees to banks, the FSO plans to take on an additional 1,000 case workers to handle complaint case resolutions.

With forecasts estimating an 250,000 additional PPI cases will be filed this year, there will be a large demand across the financial sector for eligible candidates to fill roles to support the claims process. This increase will help process claims more quickly, allowing customers receive their payouts promptly.

Register for Updates

Register to receive news updates straight to your inbox.
  • We will only send you marketing information using the details you have provided to deliver, develop and promote our products and services if you give us consent to do so. Please use the options below to indicate if you consent to us using your information for this purpose. For further information please read our privacy notice.
  • This field is for validation purposes and should be left unchanged.

Newsletter

Sign up to our newsletter
  • We will only send you marketing information using the details you have provided to deliver, develop and promote our products and services if you give us consent to do so. Please use the options below to indicate if you consent to us using your information for this purpose. For further information please read our privacy notice.
  • This field is for validation purposes and should be left unchanged.

Technology Form

  • We will only send you marketing information using the details you have provided to deliver, develop and promote our products and services if you give us consent to do so. Please use the options below to indicate if you consent to us using your information for this purpose. For further information please read our privacy notice.

Get in touch with us

We're ready to show you the future of consulting. Just fill out the form below!
  • We will only send you marketing information using the details you have provided to deliver, develop and promote our products and services if you give us consent to do so. Please use the options below to indicate if you consent to us using your information for this purpose. For further information please read our privacy notice.

PPI Case Handler Profile

Complete your details below to receive our PPI Case Handler profile.
  • We will only send you marketing information using the details you have provided to deliver, develop and promote our products and services if you give us consent to do so. Please use the options below to indicate if you consent to us using your information for this purpose. For further information please read our privacy notice.
  • This field is for validation purposes and should be left unchanged.

Subject Access Request

    We require basic personal details to locate you on our records.

Request to Delete your Personal Data

    We require basic personal details to locate you on our records so we can delete your information.

Request to Withdraw Opt-In

    We require basic personal details to locate you on our records.