PPI (Payment Protection Insurance) has been a hot potato in the UK for some years. There has long been widespread concern that the insurance, frequently added on to loans, mortgages and overdrafts, was frequently sold in circumstances inappropriate to the needs of the customer, while offering disproportionately large benefits to the lender/insurance provider (especially banks). In consequence, there has in recent years been pressure on financial institutions to review their sales practice and repay customers for mis-sold PPI services. In the last year or so, I've noticed an upsurge of nuisance messages relating to PPI rebates: these range from automated... Read more →