PPI now a minority of complaints to UK regulator

Less than half of complaints received by the FCA concern PPI mis-selling

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FCA: PPI complaints going down

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The payment protection insurance (PPI) mis-selling scandal now represents less than half of all complaints to the UK Financial Conduct Authority (FCA), but monthly compensation payouts remain stubbornly high – hitting a cumulative total of £20.5 billion ($31.7 billion) by June 2015, and are set to reach close to £23 billion by the end of the year.

From a high of 2.17 million in the second half of 2012, PPI complaints have fallen away; in

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