"I fear for our county courts" Nick Baxter on PPI claims, Jazz FM Business Breakfast

Seven years ago, claims for PPI compensation began, and since then about 31 billion pounds has been paid out.

But that’s only a third of the estimated 100 billion pounds out there for the missold payment protection insurance on customer’s bank accounts.

The Financial Conduct Authority’s looking to draw a line under the claims, so in a year’s time that compensation will disappear – despite only half of us being aware there’s a deadline at all.

And a new ruling could mean there's more compensation and more claims on the way - NICK BAXTER, Independent Chairman of the

PROFESSIONAL FINANCIAL CLAIMS ASSOCIATION explains.

First broadcast 6th August 2018