00:00The consultation launched a few weeks ago, and barring legal challenges, and there could be
00:04legal challenges, I think it is unlikely to change very much. This is the regulator setting out its
00:10plans of what it wants to do. And within that, it has expanded its definition of mis-selling
00:15more than there were before on the back of some court rulings. There are now three main types.
00:20What it has said publicly is it's likely to launch in early 2026. The alternative route
00:25is you go to court. There, if you win, if you win, you may be awarded more, both in the
00:31settlement and probably more so in the interest that you would get for the number of years
00:36that they go backwards. We'll be talking more about that later. You will normally need help
00:40to do that, though, which you don't under this mastery dress scheme, and that means paying
00:4530% plus to a lawyer or claims firm. Once you take that off, whether you'd actually get more
00:49or not is more of a question, and it's a debate, and I'm not going to get into it because
00:52we
00:52just don't know. So in summary, this one is easy. This one you can do yourself. This has
00:58mass reach. Many don't need to do anything in order to get it, but you may get less. This
01:04one, you possibly get more if you win. You may also get less, but it's difficult to do without
01:10help.
Comments