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Complaints over PPI soar

Payment protection insurance (PPI) complaints to financial services firms rose by 59% in the first half of this year to reach a new high of more than 2.2 million.

The Financial Services Authority said there were 2.23 million complaints about PPI in the first half of 2012, the highest six-monthly figure ever recorded.

PPI complaints have soared by 129% compared with the second half of 2011.

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Finance

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