What is a Plevin PPI Claim?

Yes, there are a few differences between the two claims. Both are made in relation to the sale of PPI premiums, but a Plevin case does not consider whether the PPI policy was mis-sold. Instead, this type of case focuses on the secret / hidden commission that was paid during the sale, that lenders failed to disclose. This commission was paid to banks and or brokers to incentivise selling the PPI Policies without the customers knowledge.

This distinction means that even if it was deemed you were not mis-sold the PPI Policy, you may still be eligible to claim compensation. If you have had a PPI claim rejected, you might still be affected by the Plevin ruling.

If the below applies to you, you may be eligible to claim:

• Your PPI policy was sold before 6 April 2007 and open after 6 April 2008; or
• Your PPI policy was sold after 6 April 2007 (whether or not it was still open after 6 April 2008);
• You have not previously complained about Mis-sold PPI;
• You have had a PPI Claim rejected; or
• You had a refund for the “Plevin only” part of your PPI (also known as a “tipping point offer”)

The Plevin ruling means that if more than 50% of your PPI’s cost went to hidden commission to the lender, or the lender and the broker combined, and it was not sufficiently explained to you, you may be due compensation.

This means if you were sold PPI, it is more than likely you have a claim, as an average of 67% of what customers paid for PPI premiums was attributed to commissions from insurers. Banks invariably failed to mention the commission.