# Top claims company recovers £128m for UK customers 
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-09-02
Category: INSURANCE
Category URL: https://financedigest.com/category/insurance
Meta Title: Claim Your Mis-Sold PPI Compensation Now!
Meta Description: First Target Recoveries has successfully recovered £128m+ in PPI claims for victims across the UK. Don't miss out on your compensation, contact us today.
URL: https://financedigest.com/top-claims-company-recovers-128m-for-uk-customershtml

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First Target Recoveries (FTR), one of the UK’s leading financial solutions companies, has successfully recovered more than £128m for thousands of people who were mis-sold payment protection insurance (PPI).

![Chris McCabe](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd020917-6-236x300-1736843555058-compressed.jpg)

Chris McCabe

The claim specialist has backed victims of the insurance scandal throughout the UK, successfully retrieving 69,000 compensation payouts since 2011, and is on track to support in returning up to £10bn to those affected.

From its high success rate, First [Target Recoveries has identified the PPI claims capital](https://www.financedigest.com/insurer-aviva-says-capital-return-and-costs-targets-on-track.html "Insurer Aviva says capital return and costs targets on track") of the U.K as Birmingham, having recovered £3.8m from banks for the city’s proactive residents. This has resulted in an average payout of £3,863 for Midlanders, which is 93% higher than the national average payout of £2,000 [\[1\]](https://mail.google.com/mail/u/0/#m_-7116206322932776256__ftn1). Glasgow and Sheffield, [follow closely](https://www.financedigest.com/why-google-is-never-closed-for-maintenance-and-how-banks-can-follow-suit.html "Why Google is never closed for maintenance and how banks can follow suit") where claimants have taken back £3.5m and £3.1m respectively. Over 50 locations including Leeds, Belfast and Liverpool have [claimed back](https://www.financedigest.com/back-in-barcelona-telecoms-bosses-stake-claim-to-digital-future.html "Back in Barcelona, telecoms bosses stake claim to digital future") over £1m in payouts.

The Financial Conduct Authority has now handed down a deadline of two years for those seeking compensation to claim, prompting those still owed to take action before 29th August 2019 [\[2\]](https://mail.google.com/mail/u/0/#m_-7116206322932776256__ftn2). Banks have set aside £36bn for compensation claims, with a large number of people in the UK still [eligible to claim](https://www.financedigest.com/lets-get-fiscal-how-to-understand-rd-tax-claim-eligibility.html "Let’s get fiscal – How to understand R&D Tax Claim Eligibility"). Since the scandal broke in 2005, banks have paid out £26.7bn to millions of customers [\[3\]](https://mail.google.com/mail/u/0/#m_-7116206322932776256__ftn3).

Chris McCabe, [Group Associate Director at First Target Recoveries](https://www.financedigest.com/hotel-group-accor-continues-post-covid-recovery-after-a-gorgeous-summer.html "Hotel group Accor continues post-COVID recovery after a ‘gorgeous’ summer"), said: “We are delighted to have successfully claimed such a significant sum for over 69,000 people, nationwide. With a deadline now in place to reclaim mis-sold payment [protection insurance](https://www.financedigest.com/how-to-choose-the-best-income-protection-insurance.html "How to Choose the Best Income Protection Insurance"), it is more important than ever for people who believe they may be entitled to a claim to act before the deadline passes.

“There is £10bn waiting in [banks for people who may not be aware that they have a claim and we encourage them to get in touch with First Target](https://www.financedigest.com/hsbc-ups-price-targets-on-greek-banks-with-eurobank-piraeus-top-picks.html "HSBC ups price targets on Greek banks, with Eurobank, Piraeus top picks") Recoveries to recoup what is rightfully theirs.”

First Target Recoveries encourages anyone who believes they may have a claim to get in contact as the astounding numbers reveal just how many claims there are yet to be addressed. Britain’s Financial [Watchdog](https://www.financedigest.com/g20-watchdog-homes-in-on-decentralised-finance-after-ftx-crash.html "G20 watchdog homes in on decentralised finance after FTX crash") revealed that only 1 in 5 potential complaints about mis-sold PPI had been made this year. [\[4\]](https://mail.google.com/mail/u/0/#m_-7116206322932776256__ftn4)

People wishing to make a claim can contact First Target Recoveries on 0800 012 6460 or visit the website on [www.firsttargetrecoveries.co.uk/](http://www.firsttargetrecoveries.co.uk/mspi)

![Infographic](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd020917-13-987x1024-1736843555222-compressed.jpg)


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