Ppi Claim: Fill & Download for Free

Not a manager, but a supervisor.I worked on an agency team for a major bank handling PPI claims. The supervisor was a young man in his early 30’s. A lot of the team were European nationals mainly from Eastern Europe. The supervisor and the few English lads would use Urban Dictionary slang knowing that the Eastern European’s wouldn’t have a clue what they were saying. Now I had mentioned that I moderated internet chat rooms in an MMORPG war game, but these young lads, 20 or more years younger than me, never appreciated exactly what an online chat room moderator in an MMORPG did. I chat banned peopLe who were using “inappropriate language as there are 13 year olds present”. That meant that I had to know a lot of internet terms, both American and British and Canadian and Australian.One day they started talking about blue waffles and cream pies and one of them asked one of the young Eastern European girls whether she liked them. I piped up “personally I would prefer a pearl necklace”….If you don’t know what a “blue waffle”, or a “cream pie” or a “pearl necklace” is Google it! But let’s say That the supervisor and his cronies had the smirks wiped off their faces when a woman their mums age let them know that she knew exactly what they were doing….

Payment protection insurance(PPI), which is designed to help you keep up payments on your loans and or credit cards in the case of illness, accident, redundancy or death.

The two main legacy issues that affected the latest results are -1) Payment Protection Insurance (PPI) miss-selling.RBS set aside £450 million for this after the UK regulator extended PPI claims deadline to 2019.PPI is an insurance product to insure payment of credit in case borrower’s income falls (due to health problem, job loss etc). In the UK through out the 90s many retail banks and third party brokers sold these insurance products along with loans.A very large number these were miss-sold and sold to people who couldn’t have been covered by PPI. They were sold to the self employed or people with fixed term job contracts who weren’t covered by PPI, sold to people with pre existing medical conditions, sold to people without their knowledge, or sold by telling loan applicants that chances of loan approvals will increase if they buy PPI. (Some details here - One in three with PPI may find it worthless)After a court ruling in 2011 customers were able to claim back the money they had paid earlier as PPI premiums causing UK banks to set aside billions of pounds as charges to handle these claims.The latest extension to PPI claim window made RBI set aside more funds for these, so presumably it expects more claims.2) Legal claims around 2008 rights issueRBS set aside £650 million for this.RBS raised £12 billion in 2008 by selling new shares to existing shareholders. Later some of the shareholders sued RBS claiming that RBS directors mis-represented facts and omitted important information from the rights issue prospectus causing them to lose hundreds of millions of pounds. Settlement talk on this is ongoing and the final bill is still not known but RBS probably has a better idea now on how much this will cost.And OthersIn addition there was also £392 million restructuring charge for asset sales, redundancies etc as RBS continues shrinking its business to focus on UK retail and commercial banking.And more laterThey haven’t yet clarified how much it will cost for allegedly miss-selling mortgage backed securities in the USA. Reuters reported a while ago it was going to be around $13 billion (RBS settlement on U.S. mortgages could come within weeks - analysts) . We will probably hear about it in the next result.