Schwarzenegger Is Back In UK Awareness Campaign About Mis-Sold Insurance
Banks in U.K. may face more claims for mis-sold insurance when national market police conduct an information campaign featuring an animatronic leader by Arnold Schwarzenegger.
Falsifying some customers in the sale of 64 million insurance policy payment insurance made the British banks pay expensive. According to the Financial Management Authority, over £ 29 billion ($ 40.7 billion) has been returned to customers who have complained. Lloyds Banking Group Plc has paid £ 18.7 billion in claims.
In a new television show broadcast on Wednesday, the star of the Terminator, mounted on a remote control car with a tank, called on people to wait at the bus stop to think of a PPI claim. Prior to August 29, 2019. Since the first ad was held in August last year, the FCA has received about 17,000 calls to their helpline, and 900,000 people have accessed the site. for information.
“Since the launch of our campaign, the largest companies have told us that the proportion of people who complained with them has increased,” said Andrew Bailey, FCA Chief Executive Officer. said. “This is partly due to the improvements we require companies to make in the process of handling their complaints.”
Lloyds is not the only lender who feels shy. According to the 2017 Annual Report, Royal Bank of Scotland Group Plc has set a budget of £ 5.1bn for PPI claims. Barclays Plc has accredited cumulative provisions against PPI claims for a total of 9.2 billion pounds by December 31, the annual report shows.
The FCA said PPI was sold with a range of products, such as car finance, credit portfolio, credit cards and mortgages. Ads will run on television, radio, social media, on-demand videos, and outdoor advertising, including bus stops.
Schwarzenegger, 70, is recovering after Mr Olympia and his son perform cardiac surgery, according to a report this week. “Yes, I’m back!”, He wrote on his Twitter biography on Monday, thanks to his team of doctors and nurses after the operation.