Cppgroup Regulatory News (CPP)

Card Protection Plan Limited (CPPL), part of CPP Group PLC, is participating in a redress scheme under a scheme of arrangement for mis-selling of card and identity protection products. The scheme bar date is 30 August 2014. Claims for compensation will not be considered after this date by the scheme administrator. As at 5 June 2014 the proportion of scheme customers who have successfully submitted a claim is 26% which represents 1.82m customers. The above figures include claims relating to CPPL and also its business partners who are participants in the scheme.