2,000 new PPI complaints 'each day'

A financial watchdog is receiving 2,000 new payment protection insurance (PPI) complaints a day as overall grievance figures hit record levels in the second half of last year.

The Financial Ombudsman Service said it had logged 211,885 PPI claims in the six months to December 31, up from 86,000 in the previous six months, with the total number reaching 600,000.
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