PPI FREQUENTLY ASKED QUESTIONS
1. What is PPI and how do I know if I have it?
PPI is insurance that pays out a sum of money to help cover your monthly repayments on your loan in certain events, which could include unemployment, accident or sickness, hospitalisation or death. The actual events covered by your policy will depend upon the level of cover that you have purchased.
This type of cover may also be called loan protection, credit insurance, loan repayment insurance, LASU (Life, accident, sickness and unemployment) insurance, account cover or payment cover.
An easy way to check if you have taken out PPI is to check your product statements for evidence of premiums paid. Also, you may have policy booklets and loan or credit agreements that show information on PPI. Some of our product names for this type of insurance include Payment Protection Plan, Payment Care Gold, Payment Care Silver, Payment Care Bronze, Payment Care Plus, Payment Care Select, Payment Care Foundation, Payment Care, and Payment Protection Insurance.
2. How do I make a complaint about the way that my PPI was sold?
Firstly, please check any available documentation as outlined in question 1 to obtain details of your PPI policy. This will help us to progress your complaint.
The easiest way to raise a query about a PPI policy is to complete a PPI Questionnaire. By filling out the PPI Questionnaire (PDF, opens in a new window, 455 kB) we will have all of the information we need to assess your complaint.
Once you have completed the form please send it directly to us at:
St William House
Alternatively you can register your complaint by using our online form and completing the required information.
We encourage our customers to talk to us about PPI:
We are best placed to deal with any queries our customers have about their PPI policy.
Rather than talk to a Claims Management Company (CMC), you can find all the information you need about raising a complaint about how your PPI policy was sold on this page. Your complaint will be assessed in exactly the same way if you come to us directly, but you will avoid having to share any potential compensation payments with a Claims Management Company (CMC). Further information on CMCs can be found in a joint note from the CMC Regulators (Ministry of Justice), the FSA (now known as the Financial Conduct Authority (FCA)), the FOS and the FSCS (PDF, opens in a new window, 75kb).
If you have any further queries about the way your PPI was sold you can ring a dedicated telephone line for PPI customers 0800 151 2449.
3. My PPI policy was taken out many years ago. Can I still complain?
We will investigate any complaint received in a proper and fair way , regardless of the length of time elapsed from the time of the sale. We will consider any additional information you may be able to provide from the time. Please include this when returning your PPI questionnaire.
4. What is the deadline for submitting my PPI complaint?
The Financial Conduct Authority (FCA) has set a deadline of 29 August 2019, by which time all PPI complaints will need to have been submitted. After this date, customers will lose the right to have their complaint assessed by us.
If you previously received a letter from us outlining our concerns about the way PPI was sold to you, then you may have less time, so it is important to act as soon as possible.
The FCA published rules and guidance in 2017 on how firms should assess PPI mis-selling complaints where the level of commission on the PPI policy was not disclosed to the customer at the time of sale. The FCA has since added guidance saying that firms should also consider the recurring non-disclosure of high commissions taken after the time of sale. This added guidance will only affect a very small number of our customers who’ve had PPI on mortgage accounts; if you are affected, we will write to you to let you know
5. I cannot find any paperwork; can I still complain?
Yes, even if you can’t find your paperwork we will investigate your complaint properly and fairly.
To check if you have held a Black Horse PPI policy, please complete our online PPI Check Form and complete the required information. Please note, using this option will not provide you with a copy of all your personal data.
Alternatively, you can also ask us to undertake a Data Subject Access Request (DSAR) and we will look for you.
Under the Data Protection Act you have the right of access to your personal data. For further details on how to request a copy of your information, please write to the:
St William House
6. I have made a complaint, what happens next?
We will send you an acknowledgement letter within 5 working days of receiving your complaint. If necessary, we will contact you by telephone to gather any further information required to assess your complaint fully. Once we have assessed your complaint, we aim to respond with a final decision within eight weeks of the date of your complaint.
7. You acknowledged my complaint but I haven't received a final decision. What will happen now?
We will provide a full response as soon as possible and aim to do this within eight weeks of receiving your complaint. If we are unable to resolve your complaint within the initial eight weeks, we will write to you at this stage explaining why we are not able to make a decision and tell you when you will receive a final response from us.
8. What will happen to unresolved complaints over eight weeks old?
We are committed to giving your complaint the attention it deserves and will send you our full written response as soon as our investigations are complete. Where we are unable to complete our investigations within eight weeks, we will write to tell you this.
9. Can I complain about the delay?
If we received your complaint more than eight weeks ago, we will have explained that you can forward your complaint to the Financial Ombudsman Service. This is a free, independent service for settling disputes between financial services firms and their customers. You may wish to contact the Financial Ombudsman Service first before deciding on what action to take or review the frequently asked questions on its website. In all cases where redress is owed, you will not be disadvantaged by any delay as any interest due will be calculated right up until the date of payment.
10. Will I be compensated for any delays?
We take all complaints very seriously and are committed to handling them on a fair and consistent basis. In line with our complaint-handling policy we will assess your PPI complaint and will provide compensation, including the backdating of interest and payments, where appropriate.
11. I have returned the acceptance form but am still waiting for my refund. When will I receive my payment?
We are committed to ensuring customers receive payment within 28 days of acceptance of our decision letter. We apologise if you have not received your payment within 28 days of acceptance and thank you for your patience.
If you are still waiting for your payment and it is more than 28 days since you received our decision letter, please call our helpline on 0800 151 2449 We'll usually be able to make payment to you within 10 working days.
If your case is complex it may take us longer and we will keep you regularly updated.
In all cases, any interest due will be adjusted right up until the date of payment.
12. I have received a final decision letter upholding my complaint and containing an offer. What does the final amount include and how do I understand how the amount has been calculated?
As a general rule, your refund will include a reimbursement of all insurance premiums paid, interest on those premiums and where applicable, interest calculated at 8%.
If you would like the details on the final decision letter explained to you, please call us on 0800 151 2449.
13. Is there tax payable on any refund I might receive?
From 1 October 2013, the tax laws changed and HM Revenue & Customs (HMRC) requirements mean we must deduct income tax at the basic rate (currently 20%) from any interest paid. HMRC treat the additional payment which relates to 8% interest as taxable income.
If we deduct more tax than you have to pay you may be able to reclaim all or some of the tax deducted from HMRC.
R85 forms cannot be accepted with this type of interest. If you pay tax at rates higher than the basic rate any additional tax due on this should be discussed with your tax office. For more information on PPI advice please call the HMRC tax helpline on 0300 200 3030.
14. Will you be reopening my complaint which was originally not upheld?
When responding to complaints, we always tell customers that they have 6 months to raise any concerns over our decision to the Financial Ombudsman Service (FOS). If you have new or different concerns, then we’ll be happy to review those as part of any further communication you choose to make with us.
15. You have made an offer to refund my PPI policy premium. Will that offer change?
No. We will stand by any offer to settle a complaint that has already been made to you or a third party acting on our behalf.
16. I have a complaint that has been referred to the FOS. What will happen now?
We will work with the FOS and provide them with all of the relevant case notes to allow them to complete their investigation. We will also liaise directly with the FOS to deal with complaints as quickly as we can.
In the meantime, we will be unable to discuss the complaint with you, whilst FOS completes their investigation.
17. Can I still buy PPI from you?
No. In July 2010 we announced that we would no longer sell our range of PPI to personal and business customers.
18. I have cancelled my PPI Policy. Can I still make a complaint?
Yes. You can still make a complaint about how your PPI Policy was sold even if you have since cancelled the policy. Details of how to complain are provided above (Q.2). It’s easy for you to complain to us directly so you don’t need to use a Claims Management Company.
The easiest way to raise a query about a PPI policy is to complete our PPI Questionnaire (PDF, opens in a new window, 455 kB). By filling out the PPI Questionnaire we will have all of the information we need to assess your complaint.
Your complaint will be assessed in exactly the same way if you come to us directly and you will avoid sharing any compensation payment with a Claims Management Company.
19. What adaptations have been made to make the PPI complaints process more accessible?
Customers are able to contact us through a number of channels, including post, telephone and online. Further adaptations are listed below:
• Correspondence can be requested in Large Print, Braille or Audio CD
• You can contact us via Text Relay (previously Typetalk). A relay operator will join the line to convey messages
• A third party can be authorised to discuss personal information in relation to your PPI claim with us
Using our website:
We’re committed to providing a website that is accessible to all of our customers and we work hard to make sure that this website is accessible and usable by people of all abilities.
• Our website can be viewed on a range of different screen sizes and you can vary the test site using your browser. To help you find what you’re looking for, we have also included a site map.
• Using your web browser, you can change the size of text on this website. You can also make other helpful changes in your browser, as well as within your computer generally. To find out what else you can do, visit My Web My Way on the BBC website.
• If you have problems using a computer because of a disability or impairment then we recommend that you visit AbilityNet’s My Computer My Way website which provides lots of advice on how to make your computer easier to use. AbilityNet are experts in the field of computing and disability and they provide a free service to individuals with disabilities to assess their computing needs (call AbilityNet free on 0800 269 545 for more information).
Finance is subject to status and is only available to UK residents aged 18 and over. Finance provided by Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH.
Black Horse Limited Registered in England and Wales with registered number 661204.
Registered Office: 25 Gresham Street, London EC2V 7HN