FCA pushes back insurance claims deadline to June 2019

By Huw Jones LONDON (Reuters) - Consumers who believe they have been mis-sold loan insurance have until the end of June 2019 to make a claim, Britain's markets watchdog proposed on Tuesday, a year later than expected and potentially adding to the cost for banks. Banks have paid 24 billion pounds in compensation to customers over the past five years for mis-selling payment protection insurance (PPI), making it Britain's costliest scandal in financial services. The Financial Conduct Authority (FCA