The payment protection insurance (PPI) mis-selling scandal has cost financial services £1.375bn so far this year, according to FSA payout figures.
The City watchdog’s monthly PPI refund and compensation figures show an additional £499.5Million claims for March. This brings the overall total to £3.5Billion since the regulator began recording figures January 2011.
The numbers are still rising significantly, from £403.4Million in January 2012 and £472.5Million in February 2012.
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