It does appear that the FCA are proposing to limit any Plevin claims to post April 2008 ie the date The Court used in the original case - a large proportion of PPi claims are derived from pre 2008 contracts. In addition the limitations are quite tight in terms only applying to comm of >50% ( average comm paid was found to be 67 % ) and of course only if the payment of comm was not disclosed to the consumer at the outset. Any Plevin claims will also be subjected to the PPI 2 year run off if indeed this is approved. FCA initial consultation process to be concluded by end of 2015 . Therefore the media predictions of Plevin becoming PPi 2 does appear to be over stated.
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