Banks brace for rush of PPI claims as £42m TV ad campaign begins

Industry watchdog the FCA forces industry to fund campaign to spur fresh wave of claims before 2019 deadline

Britain’s banks are bracing themselves for a new wave of compensation claims likely to be sparked by a £42m advertising campaign urging customers to complain about their payment protection insurance policies.

The campaign by the Financial Conduct Authority is due to launch on 29 August – exactly two years before the cut-off point for any fresh PPI claims – and is being paid for by 18 of the biggest players in the industry.

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