Up until last month – if anyone wanted to complain to the Financial Services Ombudsman (FSO) about the conduct of a financial institution – there was a strict 6 year time limit in place. If someone had a problem with things like Insurance , PPI or a Mortgages , if the product was sold to […]
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Ombudsman
Six Year Limit on PPI Complaints Needs to Be Changed
Concern about the mis-selling of Payment Protection Insurance and other financial products is increasing. The number of complaints to the Financial Services Ombudsman has risen dramatically in the past year – but they are still on a much smaller scale than in the UK. In the last 6 months of 2012 the Financial Services Ombudsman […]
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Ulster Bank Mortgage Undercharging Error
It has recently come to light that some Ulster Bank mortgage customers in Ireland have been undercharged on their mortgages. The problem affects some customers who were on an “Interest Only” mortgage which was supposed to revert to a normal repayment mortgage after a specific time period . In some cases the change to capital […]
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Payment Protection Insurance Refunds
The scale of the mis-selling of payment protection insurance in Ireland is becoming clearer – as 6 Irish banks have been ordered to review all PPI policies taken out since August 2007 . See https://www.moneyguideireland.com/payment-protection-insurance-investigation-the-latest.html Earlier in 2012 AIB and BOI had to refund about €4 million in PPI premiums. See – https://www.moneyguideireland.com/ppi-refunds-of-e4-million-paid-out.html These refunds […]
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PPI – Some Reasons you might have for Claiming a Refund
The possible mis-selling of Payment Protection Insurance (PPI) in Ireland has been investigated in the past by the Central Bank . The latest review of the selling of payment protection insurance in Ireland was carried out by the Central Bank in 2011 .They looked into the suitability of sales of payment protection insurance to customers […]
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