Cashpoint

Arnie is back! Well it’s actually the animatronic head of Arnold Schwarzenegger in a new TV advert to highlight the looming deadline for making a complaint about mis-sold payment protection insurance (PPI).

City watchdog the Financial Conduct Authority has given people until August 29, 2019 to make complaints and seek compensation for the rip-off cover banks flogged, at extortionate rates and to many people not eligible to make a claim, alongside a range of financial products including loans, credit cards, store cards, mortgages, catalogue credit and car finance.

This is the last possible date to make a complaint but don’t wait, act now and check if you had PPI and if you should put in a claim.

Dig out that old paperwork or, if you can’t find it, contact any financial providers you took out products with to check if you had PPI.

Andrew Bailey, chief executive of the FCA, said: “We know that PPI was sold on a huge variety of credit products throughout the 1990s and 2000s, but many people just don’t realise they had it.”

For guidance on whether you can complain call the FCA on 0800 101 8800, or visit fca.org.uk/ppi.