PPI – Claims Management

#Debtline #Debtdebate blog:

Twinpier doesn't provide claims management but we note with interest the following situation regarding Lloyds PPI payouts. For many years now the OFT & FSA (and various consumer groups) warned consumers not to use claims management companies who claimed they could obtain a larger payout for PPI claims. Given the revelations contained in tonight's BBC programme here it's clear claims management companies were justified in making those claims and by adopting a firm policy of not being fobbed off they have obtained much higher payouts for their clients than consumers acting on their own.

The knee-jerk reactions and (all too) regular attacks on fee charging money advice sector should be firmly put to bed - people are adult enough to know if you want expertise you will usually have to pay for it.

Warren Buffett — 'Honesty is a very expensive gift, Don't expect it from cheap people.'