A new process has been developed by the FOS (Financial Ombudsman Service) for handling PPI claims. This effects how consumers and businesses deal with complaints about missold PPI. It has been designed to help the FOS to handle the complaints that are not resolved in-house within the given time frame.

To understand the prejudice the customer may have endured at the point-of-sale, the FOS has developed new forms for the consumer which captures all the details required for the FOS and the bank. The bank and the FSA know that PPI was a poor product which was sold in the millions, mainly for the purposes of financial gain for the lender, rather than protecting the borrower.With the levels of claims management companies increasing, the awareness of PPI will inevitably increase as more media and internet search marketing will increase.

This should see the word of mouth for PPI Claims increasing, which will perpetuate the levels of claims.  It has been anticipated that the peak will be in 2012 and should return to zero within 5 years.PPI claims will increase, so if you have not made your claim yet, please visit www.reclaimyourmoney.com/claim and make a claim.