FSA publishes March PPI payout figures

clock • 1 min read

The payment protection insurance (PPI) mis-selling scandal has cost financial services £1.375bn so far this year, according to FSA payout figures.

The City watchdog's monthly PPI refund and compensation figures show an additional £499.5m claims for March; the overall total is now £3.5bn since the regulator began recording figures January 2011.

The numbers are still rising significantly, from £403.4m in January this year and £472.5m in February.

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Nicola Culley

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