FCA’s Latest: An Annoying Animatronic Head of Arnold Schwarzenegger
UK’s financial regulatory body, the Financial Conduct Authority (FCA), is reportedly spending £42.2M to urge people to make payment protection insurance (PPI) claims, if they were mis-sold coverage. Why? Because it has set a deadline – after August 29, 2019 peeps will not be able to submit new PPI complaints. Here’s a look at the FCA’s consumer communications campaign :
And not everyone is amused:
Them Arnie ads only started yesterday, I'm already sick to death of em. #PPI #ShitArnieImpression #FCA
— Prof. Guy Ashton (@GuyAshton1) August 30, 2017
What a weirdly disturbing advert…..FCA PPI claim ad. Someone was on something when they came up with that. #shitadverts
— Mrs C (@23MrsC) August 30, 2017
Having @BIBAbroker members contacting me complaining about latest FCA PPI campaign -"outrageous use of our fees" a common protest. I agree!
— Steve White (@SteveWhiteBIBA) August 29, 2017
Did you know? To date, some £27.4B has been paid by the banks and building societies in compensation to those who were mis-sold the policies, which were mass-marketed largely between 1990 and 2010. And yet the FCA still says “many millions” may still be unaware that they are entitled to compensation.