The Plevin v Paragon case ignited a new wave of claimants, all of whom felt, and continue to feel, lied to and let down by their Lender. This was summarised by Lord Sumption:
“Any reasonable person in her [Plevin’s] position who was told that more than two-thirds of the premium was going to intermediaries, would be bound to question whether the insurance represented value for money and whether or not it was a sensible transaction to enter into. The fact that she was left in ignorance made the relationship, in my opinion, unfair.”
If you believe you may be eligible for compensation under the Plevin ruling, our specialist Financial Litigation team can help guide and advise you through the process.
Our Financial Litigation partners will obtain disclosure of the account data, which includes large volumes of complex data that requires expert attention. The data will then be analysed in order to accurately assess the value of the Customer’s losses and identify the irregularities that will form the heads of claim.