It’s the final countdown… for PPI claims

June 11th, 2019

You may have noticed a recent surge in publicity surrounding Payment Protection Insurance (PPI), and that’s because claim management companies are ramping up their efforts to act on your behalf before time runs out to make a claim.

The deadline for submitting a claim for compensation for missold PPI is 29th August 2019. With billions of pounds set aside by financial institutions yet to be claimed, the FCA is encouraging those who have either forgotten, or are not sure whether they had PPI, to investigate their position by enquiring with financial institutions.

Despite the PPI campaign gaining momentum, one area which is often overlooked is that of fiduciaries, i.e. those who manage the assets of others – be that executors, attorneys or court appointed deputies. The Society for Trust and Estate Practitioners (STEP) has recently issued a briefing note, warning anyone dealing with the administration of a deceased person’s estate to consider the possibility that the deceased could have taken out mis-sold PPI, and that the estate could be due compensation.

If you’re currently acting as an executor, or you have done so previously, you may be able to submit a claim for compensation on behalf of the deceased. However, the same rules apply and it’s important that any such claim is submitted before the August cut-off. STEP has also advised that estate files from as far back as 2000 could be subject to a claim.

If you’re dealing with an estate through a solicitor or an adviser, speak to them about PPI before it’s too late, as they may be able to support you with your claim.

For further advice and guidance, call our trust and estates tax manager, Claire Lightowler on 01244 404420 or email on

Latest News

GUEST SPOT: Unlocking funding for your b...

July 30th 2019

At the Development Bank of Wales, we provide loans and equity investments to Welsh businesses, or th...

Champion’s first Ironwoman

July 29th 2019

Emma Bradfield, who works in our Audit & Accounts team in Manchester, competed in her first Iron...

management accounts

HOW WE HELP YOU Our Management Accounts service can be fully tailored to your nee...

corporate finance

Growing through acquisition is an exciting opportunity for your business, but fear o...


Sevron Ltd

MQI Logo marketing1

Innovative software developers, Sevron Ltd, help businesses reduce risk in the workplace by creating specialist Health & Safety software systems.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu