What is PPI?

Payment protection insurance (PPI) was sold with products you need to make repayments on – like loans, credit cards or mortgages.

PPI was designed to cover repayments in some situations if you couldn’t make the payments yourself. Maybe because you lost your job, or couldn’t work because of accident, illness, disability or death.

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What else is PPI known as?

PPI is also sometimes called:

• accident, sickness and unemployment (ASU) insurance
• account cover
• credit insurance
• loan care
• loan protection
• loan repayment insurance
• payment cover
• protection plan

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What kind of borrowing might I have had PPI on?

PPI could have been sold on lending products, like:

• loans – this includes personal loans and business loans
• credit cards
• store cards – this is usually from a high street store
• mortgages
• loans secured on your home in addition to your mortgage
• car finance or something else bought on credit – this may have been called a ‘finance agreement’ or ‘hire purchase’
• home shopping accounts and catalogue accounts

If you can answer 'yes' to any one of these questions, you may have been mis-sold PPI:

• Were you pressured into buying PPI?
• Were you told you must have PPI?
• Were you advised to take out PPI that did not suit your circumstances?
• Were you promised a cheaper rate or a better chance of acceptance of the loan or credit, if you took PPI?
• Was PPI added without telling you?
• Were you self-employed, unemployed or retired but advised to take PPI?
• Did you have an existing medical condition when you took out the PPI?
• Were you advised if this medical condition was covered by your PPI?
• Was it not made clear that you would pay interest on the PPI if it was added to your loan?
• Was it not made clear that the PPI cover would end before the loan or credit was repaid?

This is not a complete list. There may be other reasons that PPI was mis-sold.

The key information we need is:

• Your name (and any previous names you've used)
• Current and previous addresses
• Date of birth
• Your employment and financial circumstances at the time you had PPI

If you don’t have all the information, tell us as much as you can. We can search relevant electronic records back to November 1995.

If you held PPI before this date, please provide your sort code and account number and dates you held PPI.

We’ll contact you if we need more information.

We'll assist you in any way we can, you can call us on 0800 055 6655 (or if you live outside of the UK please call us on +44 141 952 3437*) between 8am and 6pm (UK Time) Monday to Friday.

When you call us, call charges may apply. Please check with your telephone service provider.

I took out my policy a long time ago, can I still complain?

Yes. Based on the information you provide we can search relevant electronic records back to November 1995.

Did you have PPI before November 1995? Please give us your sort code, account number and the dates you held PPI in your complaint.

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I cancelled my policy, can I still complain?

Yes.

Because we need the signed letter of permission, this needs to be done in writing. If you need further assistance, call us on 0800 055 6655 (or if you live outside of the UK please call us on +44 141 952 3437*) between 8am and 6pm (UK Time) Monday to Friday.

When you call us, call charges may apply. Please check with your telephone service provider

Please note, from the 30th of June 2019 if you have raised an Information Request on behalf of someone else and it comes back positive we will automatically raise a complaint on their behalf. You will receive a letter from us confirming whether they have PPI or not. If there is a positive PPI outcome you will receive a further letter confirming we have logged their complaint.

What happens if someone is making a PPI information request or complaint on my behalf?

If you provided your written permission for us to deal with someone else, we’ll write to you both with the outcome of your request or complaint.

If we’re not satisfied that the permission meets our requirements, we’ll let you know before discussing your case with anyone else.

What is commission earned by a provider?

The provider who sold you a PPI policy may have received a high level of commission on the policy.

If you did not know about this commission at the time, you can complain about this. Commission earned by a provider may be called Plevin, after a Supreme Court decision, or Recurring Non-Disclosure of commission.

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Can I complain about commission earned by a provider?

You may be able to complain if:

• You had a PPI policy covering repayment on a credit agreement where money was potentially owed on or after 6 April 2008
• And you had a PPI mis-selling complaint rejected before late 2015 (after 2015 commission earned by a provider was automatically investigated)
• Or you had PPI which you do not believe was mis-sold to you

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I am complaining about PPI mis-selling, do I need to do anything about commission earned by a provider?

No. We’ll consider commission earned by a provider as part of your complaint, even if you don’t mention it.

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I was already compensated for mis-selling, can I still complain about commission earned by a provider?

No. You have already received full compensation.

From the 30th of June 2019 if you have raised an Information Request and it comes back positive we will automatically raise a complaint on your behalf. You will receive a letter from us confirming whether you have PPI or not. If there is a positive PPI outcome you will receive a further letter confirming we have logged your complaint.

If your Information request was raised before 30th June 2019 we will write to you with our findings. If there is a positive PPI outcome and your letter doesn't make reference to the Bank automatically raising a complaint on your behalf, you should complete and submit a complaint before the 29th of August 2019.

We’ll acknowledge receipt of your complaint promptly.

We’ll investigate and aim to write to you with our final response and details of any compensation you may be due within 56 days. If we’re unable to complete our investigation within 56 days, we’ll write to you with an update.

If you have any questions, you can call us on 0800 055 6655 (or if you live outside of the UK please call us on +44 141 952 3437*) between 8am and 6pm (UK Time) Monday to Friday.

*When you call us, call charges may apply. Please check with your telephone service provider.

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What to do if you aren't happy with your final response

If you aren't happy with our final response, or haven't received a final response within 8 weeks, you can complain to the Financial Ombudsman Service about this.

You will still be able to complain to the Financial Ombudsman Service after the 29 August deadline if:

• You complained to us on or before 29 August 2019
• We give you our final response on or after 29 August 2019

You will need to submit your complaint within 6 months of receiving our final response.

For more information on the Financial Ombudsman Service, please see their website (Link opens in a new tab). You can contact them on 0800 023 4567 or write to:

The Financial Ombudsman Service
Exchange Tower
London
E14 9SR