Terms of business

In this Agreement it is agreed as follows:-
1. The following words shall have the following meanings: "Company"- Professional Personal Claims Ltd of 4 Old Park Lane, London."Client"- The individual or individuals who sign this agreement. "Product" - All Insurance Policies, Protection Policies, Investments, Annuities, Pensions, Charges, Payments made, Credit Agreements, Mortgages, Accounts and other contracts held and services provided to the Client. "Responsible Party"- a Bank, a subsidiary of a Bank, a Lender, an Arranger, an Insurer, the Financial Ombudsman Service or a Financial Compensation Scheme. "Compensation" - The total value of: compensation, refund, payment, reduction of debt, early receipt of funds and other financial benefit awarded to the Client. “Reasonable Compensation Award” - an award of Compensation calculated in accordance with: Financial Conduct Authority, Financial Ombudsman Service or Financial Services Compensation Scheme guidelines. “Service” - The investigation into the circumstances surrounding the acquisition of the Product and/or the submission of a Compensation Claim or Complaint to the Responsible Party by the Company on behalf of the Client. “Success Fee”- Payment by the Client to the Company of a fee in recognition of the Company’s provision of the Service.
2. The Client requests the Company provides the Service to them. If the Company completes providing the Service but the Client is not awarded Compensation, the Client will not pay the Company a Success Fee.
3. If the Company commences or completes providing the Service and the Client is awarded Compensation, the Client will pay the Company a Success Fee. The Success Fee will be calculated at a rate of twenty per cent plus VAT of the total value of Compensation awarded.
4. The Success Fee charged by the Company to the Client will not exceed the total Compensation payment awarded to the Client.
5. The Client will pay the Company the Success Fee within seven days of receiving payment of Compensation or if sooner within thirty days of receiving notification they have been awarded reasonable Compensation.
6. The Company will be the sole provider of the Service to the Client. Clients will be jointly and severally liable to pay the Company its Success Fee.
7. Examples of Success Fees based on one thousand pounds of Compensation: (a) The Client receives a compensation payment of one thousand pounds, the Company will charge a Success Fee of two hundred pounds plus VAT of twenty pounds, the Client will retain a net payment of eight hundred and eighty pounds. (b) The Client receives a compensation payment of five hundred pounds and their outstanding balance is reduced by five hundred pounds, the Company will charge a Success Fee of one hundred pounds plus VAT of twenty pounds, the Client will retain a net payment of three hundred and eighty pounds. (c) Client receives no payment of Compensation but their outstanding balance is reduced by one thousand pounds, the Company will charge a Success Fee of nil pounds plus VAT of nil pounds, the Client retain a net payment of nil pounds.
8. The Company has no connection or affiliation with the Responsible Party or any other: Broker, Bank, Building Society, Cooperative or Financial Institution.
9. The Client undertakes to provide the Company with truthful information and all documentation or other information relating to the Compensation claim which is reasonably requested by the Company.
10. The Client or the Company may interpret the others failure to fulfil their obligations under this Agreement as that parties’ cancellation of this Agreement.
11. This Agreement may be cancelled at any time by the Client clearly notifying the Company. If the Client cancels this Agreement within fourteen days, no fee will be payable by the Client. If the Client cancels this Agreement after fourteen days, but before the Service is provided the Client will pay the Company for the work it has conducted calculated at an hourly rate of one hundred pounds plus vat. If the Client cancels this Agreement after the Service has been provided, the Client will pay the Company the lower of five thousand pounds plus vat for each Compensation claim made or the appropriate Success Fee plus vat.
12. The Company will communicate with the Client and seek to keep the Client informed of the progress of their claim by: email, telephone or letter confirming its receipt of their claim, information required to progress the claim, significant changes to the claims status and the outcome of the claim. The Company is unable to warrant the Service will result in Compensation being awarded, the value of any Compensation or the time required to provide the Service.
13. If the Client fails to pay monies to the Company when due, they will pay the Company: reasonable fees for the work involved seeking to recover the monies (not exceeding five hundred pounds), interest calculated at twelve per cent per annum and may be required to pay legal expenses incurred by the Company.
14. The Client and the Company shall not be liable for damages or delays caused by events beyond their control. If the Product is cancelled as a result of the Service the Client will be responsible to consider replacing the Product.
15. Professional Personal Claims Ltd are authorised and regulated by the Financial Conduct Authority, Interim Permission Number: 835856 and licenced by the Information Commissioners Office for compliance with the Data Protection Act and the General Data Protection Regulation registration number Z2191194.
16. The Client can complain to Professional Personal Claims Ltd, 34 Clarence Street, SS1 1BD, 0207 046 6300, complaints@ppclaims.com. If we are unable to resolve your complaint in eight weeks you can refer your complaint to the Financial Ombudsman Service, 0800 023 4567, www.financial-ombudsman.org.uk free of charge but you must do so within six months of the date of the Company’s final response or the Ombudsman will not have our permission to consider your complaint and will only be able to do so in very limited circumstances.
17. The Client and Company may assign the benefits arising from this agreement if such assignment not prejudicing the other parties’ rights.
18. The Client and the Company agree the other party may process data, share data and retain records as are required: to complete or ensure the completion of the obligations within this agreement, by regulators and the Law. If one or more of the conditions of this Agreement become unenforceable, this shall have no effect on the enforceability of any other conditions. This Agreement shall be governed by the jurisdiction of English Law.
19. The Client is advised to seek independent legal advice before entering into this Agreement and they do not have to use a claims management Company to claim compensation, they can make their own claims, use the Financial Ombudsman Service or Financial Services Compensation Scheme free of charge.
20. By sending the Company’s PPI claim form and Terms of Business Agreement to the Client the Company acknowledges and agrees to be bound by its terms. By returning the Company’s PPI claim form and signing the Terms of Business Agreement the Client acknowledges they have read and agree to be bound by the Company’s Terms of Business.

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PPI NEWS
HSBC who owns EPF sets aside an extra £352 Million to pay out PPI on top of the £2.46 Billion already set aside.               Sky News estimate the Banks PPI mis-selling bill will be more than £22 Billion.                The FCA is forcing lenders re-open over 2.5 Million PPI cases.                 The RBS Natwest group sets aside a further £100 Million taking their PPI provision to £3.3 Billion.                 £22 Billion is set aside by Banks to compensate for PPIBarclays sets aside a further £170 Million taking their PPI provision to £5.02 Billion.                FCA confirm mis-selling PPI bill totals over £352 Million in September 2014 alone.HSBC who owns EPF sets aside an extra £352 Million to pay out PPI on top of the £2.46 Billion already set aside.
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