Cashpoint
WITH TRICIA PHILLIPS 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 have 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. ■SCALEXTRIC makers Hornby are in talks with their banks to boost their fightback plans. The firm, who also make toy trains and own Airfix, have ditched deep discounting just to shift stock. ■ TRAVELODGE are offering more than 250,000 rooms for £35 or less at 26 of their airport hotels for stays between now and the end of the year. Booking is online at www. travelodge.co.uk. ■ PHILLIP Rasmussen, 47, the finance boss of Welsh microchip makers IQE, was killed in a cycling accident while on holiday abroad over the Easter weekend. SUPERSTAR Justin Bieber is a big draw on Spotify THE Beast from the East has left airline Flybe with a £4million bill.
Extreme weather in February and March forced the UK firm to cancel 994 flights.
Flybe are also cutting the number of services they run to ensure they fill more seats on their remaining planes.
Meanwhile, the washout Easter hit share prices for a raft of firms when the stock market opened yesterday. Theme park giants Merlin Entertainments, who own Alton Towers and Thorpe Park, were down nearly 1.9 per cent. Shares in high street chain Marks & Spencer also fell amid fears the wet weather meant people shunned the shops. That was despite figures out today from the British Retail Consortium showing prices in shops were one per cent cheaper last month than a year ago. The level of so-called deflation was up from 0.8 per cent in February. INSURANCE firms are still failing to put in place rules introduced a year ago to help customers shop around, the City watchdog have said.
The Financial Conduct Authority warned they will take action against general insurance firms who fail to properly implement the rules introduced to increase transparency.
They say some consumers may have lost out.