Plus: your guide to beating the state pension age rise
Telegraph Money | | The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips. |
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The Telegraph take | | By Sophie Smith, personal finance reporter |
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| Victims of the biggest scandal in banking history have just 10 weeks left to make a claim against over the mis-selling of payment protection insurance (PPI) – with experts predicting a late spike in complaints.
Figures published by the City watchdog, the Financial Conduct Authority, show that while banks and credit card companies have paid out more than 35bn since January 2011, billions more remain unclaimed and thousands of new victims come forward each week.
PPI was sold alongside mortgages, credit cards and loans during the Nineties and Noughties and was intended to pay out in the event that the policyholder lost their job, became ill or died. But few checks were made to ensure that customers were not already covered by other policies, leading to widespread mis-selling.
For more information on how to make a PPI claim, check our fully comprehensive guide here.
Elsewhere, the Neil Woodford debacle rumbles on with Telegraph Money revealing that a major fund shop has barred its customers from investing in Mr Woodford's remaining fund.
Our investment-focused Facebook group has been ablaze with comments from readers opining on the fall of Britain's best-know investor. Join the group here and have your say.
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You have the last word... |
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| Christopher Collins said about 'BA blamed my three-hour delay on wind. This is how I won 500 compensation': "Airlines will try just about every trick in the book to avoid compensation or refunds!"
Suzie Suze said about Why the threshold for free social care is much lower than you think: "Personal care costs charged to individuals should be no more than a reasonable percentage of their pension or other income or deductions, or income tax or some type of National Insurance should be deducted during every individual’s working life, or a combination of both. All medical and accident costs to be covered by the NHS as should currently be the case."
Dalton Knox said about Kids say the funniest things: what I learnt in a finance class with eight-year-olds: "I got my first job at 15 so I could buy an old motorcycle. I had dozens of part-time jobs during my student years to stay afloat. Last month I was sitting in a bar on the ski slopes at noon with an acquaintance. He lived at home sponging off his mother till he was 40 when his family forced him out of the house. He now earns $10,000 a year. He's downing drinks at $15 a pop and is annoyed that I don't join him. It isn't just children who have different attitudes to money."
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