Payment protection insurance deadline

Our regulator the Financial Conduct Authority (FCA) announced a deadline of 29 Aug 2019 to make a complaint about the mis-sale of Payment Protection Insurance (PPI). This deadline has passed.


What is Payment Protection Insurance?

Payment Protection Insurance is a policy that provides protection to enable the continued payment of credit, for example a mortgage, in certain situations. The Society offered a policy that could cover an individual for accident, sickness and unemployment, unemployment only or accident and sickness only. The policy could provide protection for typically 12 months.