The Harcus Parker group legal action is available to individuals who have not yet received a full PPI refund for their Payment Protection Insurance (PPI) payments.
This includes those who:
Click above to join the group legal action and reclaim PPI secret commissions.
You may think that you know what the PPI scandal is about but click here for a summary of the UK’s biggest ever consumer financial scandal, which saw financial institutions take billions of pounds from consumers without their knowledge.
The History of PPIClick here to instruct us to find out on your behalf. If you had PPI and are eligible, we will help you bring a claim
Check NowThe Financial Ombudsman Service’s compensation scheme closed on August 29, 2019, leaving legal proceedings as the only option for seeking compensation. Since all claims have until now been brought individually, financial institutions, with billions at stake and huge resources, have found it easy successfully to block claims, making the process difficult, time-consuming, and expensive.
To hold the defendants accountable and recover your wrongly taken money, it is crucial to unite as a group seeking fair treatment. By coming together, you can try to prevent delays and neutralise attempts to outspend you. There is strength in numbers.
Harcus Parker, a respected commercial law firm, specialises in group litigation claims on behalf of consumers and others. With our market-leading experience, we have secured millions of pounds in funding to take action against the major financial institutions involved in the PPI claim scandal. We understand that a new approach is needed for PPI customer redress if consumers are finally to achieve a fair outcome.
During the first wave of PPI claims, customers often reclaimed money directly from the banks and credit card companies, or through claims management companies (CMCs).
This new wave of PPI claims to reclaim secret commissions will be fought in the courts. Since the closure of the Financial Ombudsman Service’s scheme in August 2019, many individual claims have been issued in County Courts up and down the country but the banks and credit card companies have succeeded in using their financial might to try to block the progress of these claims.
As part of the claims process, customers are required to send a Data Subject Access Request to the bank or credit card company to discover how much secret commission they were charged. These requests are responded to slowly, and different financial institutions have their own procedures which they expect potential claimants to follow. A group legal action is a better and more efficient way to force the institutions to disclose this information and return the details in a streamlined manner.
The claim is fully funded by a large litigation funder, which means we are able to rebalance the scales of justice and can fight your case on a cost-effective, risk-protected no win, no fee basis.
Our aim is to represent hundreds of thousands of customers who were unfairly charged eye-wateringly high level of commissions as part of this group legal action.
As at 15 August 2023, we already act for:
330,000 individuals who have instructed us to find out whether they had a PPI policy that will allow them to qualify to take part in the group legal claim
15,000 individuals who had PPI and were charged secret commission, whose claims we are already preparing to issue.
We are also hopeful that, as a result of members of the public standing together against the banks and credit card companies, the financial institutions may be persuaded to negotiate with us so that full court action is not required.
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