16 firms paid 92% of PPI compensation
The Financial Services Authority has said that 16 firms, representing 92% of all payment protection insurance complaints received in the first half of 2011, have paid a total of £215m in redress between January and June 2011.
The remaining 8% of payments came from approximately 400 other firms, the FSA said.
In May and June alone, following the dismissal of the industry's legal challenge to the FSA and the Financial
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