Arnold Schwarzenegger reminds people about PPI deadline in FCA's latest campaign
Often-useless insurance was packaged with products that people may not expect such as car finance and store cards, watchdog says
An animatronic Arnold Schwarzenegger will grace UK television screens from Wednesday, reprising one of the all-action hero’s less critically acclaimed roles.
In the advert, the muscle-bound Hollywood star’s disembodied head, which is attached to tank tracks, emerges from a shopping basket to remind people of the 29 August deadline for claiming compensation for mis-sold payment protection insurance (PPI).
The unusual ad is the second time that Arnie has been enlisted to front a campaign by the Financial Conduct Authority (FCA). The watchdog wants to make sure consumers are aware that PPI was often tacked on to a wide range of products, not just loans.
Read more Banks are partly to blame for Ombudsman PPI mistakes The often-useless and frequently overpriced insurance was packaged with car finance, credit cards, catalogue credit, store cards and mortgag..