Compensation Culture: People Submitting PPI Cases With No PPI

There have been a large amount of people in Britain submitting cases for ppi reclaims when they have had no compensation due and no miss sold policy.

This surprising occurrence is thought to be the product of the sheer amount of people out there who are looking for compensation for some kind of “wrong doing” that actually in many cases hasn’t taken place in the first place.

One of the foremost ppi claims company “ppi claims 4 you” encourages people to submit their case, even if they only suspect they have had payment protection insurance attached to a financial arrangement, however, this is for good reason.

There are a great many people in the United Kingdom who have been miss sold this insurance product, but don’t even know it, and these people could be due some compensation for their miss-selling experiences.

Submitting cases with no ppi attached to them is no real issue, the company will just check the policies, find out there is no payment protection and then inform the customer.  This is no big deal for the companies out there that handle 1000s of complaints per month, so don’t be shy about submitting your reclaim, even if you don’t think you have ppi.

Many people are wrong about what they “do” and “don’t” have on their financial arrangements, so bear this in mind when making a judgement call as to whether or not you should submit your case.

Today’s “compensation culture” is one where it is dependent on the results of the case.  Therefore, there is little or no financial risk whatsoever in someone making a case online, and there is no punishment for submitting a claim that is not valid.

See this article about “what is a valid claim”? which will tell you more in-depth information about validity criteria and what exactly constitutes a valid case, helpful for people wanting a greater understanding.

Another thing that can help the consumers’ chances of winning compensation, is to submit every financial arrangement they suspect they have had insurance on, a “mud at the wall approach” of sorts.  You never know, you might have a lot of different valid cases from which multiple claims pay out for you which means potentially a lot of compensation!

Most claims’ that pay out are around the £3,000 mark, so you can get a lot of money back for reclaiming, especially if there are multiple cases.

Best of luck.

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Binary Option Brokers That Are Regulated

Regulation of binary options trading platforms is done at the country level. Oversight of regulatory authority in market trading may be shared across several jurisdictions. Binary options trading platforms overseen by the regulatory authorities of Cyprus Security and Exchange Commission (CySEC), UK Financial Service Authority (FSA), the US Securities and Exchange Commission and US Commodity and Futures Trading Commission (CFTC) constitute the majority of the regulated trading platforms globally.

binary option trading

History of Regulation

Prior to virtual trading exchanges, the binary options market was conducted over-the-counter (OTC) broker direct. No longer considered exotic financial instruments, the binary options trade has expanded since its introduction on the Chicago Board Options Exchange (CBOE) in 1973. At present, the binary options trade is subject to uneven regulation. Segregation of individual client accounts of their funds must be maintained by the brokerage sites as part of the regulatory stipulations to rules on secure deposit.

CySEC regulation and registration of forex binary options trading is most common in oversight of many of the pioneer exchange platforms at time of initial public offering (IPO). In 2012, the CySEC announced that binary options brokerage companies in operation would come under the rules of the Investment Services and Activities and Regulated Market Law of 2007-2009. This ensure that EU based brokerages are in adherence with the legislation. Registration by the CySEC requires that binary options brokers file tax returns and submit two-year business plans in compliance with those guidelines.

Granting of licenses to brokers, regulatory authorities ensure that financial capital meets guidelines to listing and operations of binary options platform. At present, approximately 95% of those platforms are not regulated. This is also the case for service provision of integration of real time, price quote and payout software application as system by vendors as part of those platforms.

The ‘4’ Top Regulated Binary Options Trading Platforms

Banc De Binary

Regulated by both the FSA and CySEC, Banc De Binary is a lead web based binary options trading platform offering volume asset options exchange. Banc De Binary lists assets exchanged on the Commodities, Indices, Stock and Forex markets. Expiry date on binary options contracts is scheduled according to client preference. Banc De Binary web applications include user access to One Touch and Options Builder portfolio management features.


The site recognized as a global options trading platform is regulated by a number of European Union countries, including the FSA and CySEC. OptionWeb offers clients a maximum of 85% on winning trade payouts. The site provides traders access to Options Builder, and other Web-based dashboard features such as One Touch and 60 Seconds applications for binary options trade of commodities, currency, indices, and stocks.

IG Markets

Recognized as one of the top professional online trading platforms, IG Markets offers brokers some unique financial products distinct from other markets under the regulatory authority of the FSA.


The North American Derivatives and Exchange is regulated by the CFTC.  NADEX is a clearinghouse and exchange for trading of commodity and stock contracts.

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