Banks and lenders could have been dealt another blow in the PPI
saga this week with a could awarded £17,345 in compensation even
though they were not mis-sold PPI.

Christopher and Joanne Doran were awarded the sales commission
they had paid, plus interest, on a loan and PPI they had
bought.
This is the first time anyone has been awarded commission refund
payments when the PPI policy was determined to have been
legitimately sold.
Even though it sends a strong signal, for anyone else looking to
claim back the commission they have paid on a PPI policy will need
to go to court.
Under the Financial Conduct Authority ruling after the Plevin
case, customers could claim back commissions payment - the money
paid to firms on behalf of insurers for arranging their policy with
customers - if it was considered excessive.
What this means is, customers could reclaim any amount of
commission that was in excess of 50% of the premium.
And, as the Doran's proved, this can be done even if the PPI
policy was not mis-sold.
Under the Plevin ruling, around 1.2 million complaints regarding
excessive commission have been successful out of a total 13 million
PPI pay-outs.
Setting a precedent?
The City think not.
The judge ruled that the couple were entitled to the whole of
the commission - 76% - plus interest.
Currently, Paragon Personal Finance is deciding whether to
appeal the case.
Whilst lawyers are toasting success claiming it could place
another £18 billion debt at the door of banks to pay back to
customers, the City experts think this isn't the case.
With £30 billion paid out to customers thus far, some experts
believe that the number of claims left is lower than predicted
although there are still some people who suggest that there are
millions of customers yet to make a claim.
PPI deadline
The FCA has determined that all PPI compensation claims must be
made by August 2019.
But what about commissions payments? Could you be owed more?
You could approach your lender and ask what commission payment
was involved or contact your broker direct. They should supply you
with this information as part of your claim.
If it has been determined that your policy was sold correctly,
but you want to claim compensation for the commission, then you
will need to contact your solicitor who can advise you further.
For all other PPI compensation claims, just pick up the phone
and call Payment Protection Scotland!