FCA has published a statement on payment protection insurance (PPI). FCA will consult by the end of 2015 on introducing a deadline by which consumers would need to make their PPI complaints or else lose their right to have them assessed by firms or by the Financial Ombudsman Service (FOS). In principle, this date is likely to be two years after the relevant rule takes effect which, under current plans, would give potential complainants until around spring 2018 to bring a complaint. FCA has also decided to consult on proposed rules and guidance concerning the handling of PPI complaints in light of the Supreme Court decision in Plevin. The guidance would apply in certain circumstances when PPI was taken out with a loan. (Source: FCA Issues Statement on PPI)