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.
Not much happening here .I got fed up with the Black Friday internet que over at Amazon so bought some spot gold ,might have been a bit quick with the button .. well let see what happens .Legos wanting a nice stake pan for Christmas,however he is already on the naughty list shipx
The UK banking sector is clearly out of favour at the moment with both individual and institutional investors. With future profitability and capital concerns starting to emerge at both HSBC and Barclays it is inevitable it will have a temporary limited impact on the lloyds share price. I am still confident this share will return to its 84P -86P trading range we saw in the middle half of the year at some point in the new year when more clarification on the future dividend policy and a update on the PPI situation becomes more clear.
Lloyds will continue to take in water, follow its trend.....down now from 89. The ramping has almost ceased, the pro analysts fkucd off with their tails between their legs as usual. Assume they're on other duties or fixing and expanding the analytic software, adjusting here, tweating there. Maybe the common sense button is missing or been overlooked.....either way - poor.
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