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Brits urged to take action over mis-sold PPI

Britons who suspect that they have been mis-sold payment protection insurance (PPI) should act now to claim compensation, a consumer magazine has advised. According to new research conducted by Which?, over the last five years up to two million people who have been sold the cover are likely to find they will not be able to make a claim. This is because they fall foul of exclusions stipulated within the policies. Doug Taylor, personal finance campaigner at Which?, urged those who feel they may have been affected to act now. He advised: "If you have a loan and think you might have been mis-sold PPI, now's the time to fight back. Compensation could be just a letter away."We've always known that people were being mis-sold PPI, but we were still amazed to discover the scale of it. It appears that salespeople are chasing their commissions, their bosses are chasing profits. Where's the sense of responsibility to the customer?"

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