UK FCA to Consult on Introducing PPI Complaints Deadline

On October 2, 2015, the UK Financial Conduct Authority (FCA) published an announcement that it has decided to consult, by the end of the year, on the introduction of a deadline by which consumers would need to make their PPI complaints or else lose their right to have them assessed by firms or by the Financial Ombudsman.

The current timescale suggests that PPI consumers will have until at least spring 2018 to complain.