Many Lenders included a high level of commission as part of the total PPI premiums without the consumers’ knowledge. In 2009, the Competition and Markets Authority published an investigative report about PPI, which highlighted that typical commission rates were between 40% and 80% of the premiumsi. In failing to disclose the commission(s) they earned from your PPI policy(s) your Lender may have created an unfair relationship.
Please view our infographic which provides more information.
- Figure shown before any applicable Income Tax is deducted – calculated up to December 2019.
- Calculated up to December 2019