Beauty buffs have long hailed Charlotte Tilbury products as being some of the best on the market. But they don't come cheap, especially the brand's iconic Magic Cream, which costs a cool £79 for a 50ml bottle.
21.03.2024 - 16:05 / manchestereveningnews.co.uk
Martin Lewis has given his latest expertise on the likelihood of motorists getting a big payout.
It comes after the Financial Conduct Authority launched a major investigation into unfair car finance commissions. The FCA previously said it would take a "closer look at historical discretionary commission arrangements" following an influx of customer complaints.
Martin has previously highlighted that if industry-wide wrongdoing is found as a result of the investigation, it is likely that customers will receive some form of compensation. The consumer champion has also said the likelihood of that happening could be going up.
Read more: Martin Lewis issues advice on cutting major household bill that millions overpay
Writing for his website Money Saving Expert, Martin highlighted that there are two updates which makes him confident there will be a big payout for those affected. Firstly, he has pointed out that Lloyds, which owns financer Black Horse, has put aside £450 million towards possible payouts.
His second indicator is that the FCA boss commented last week that it is improbable the investigation will not find anything.
Martin wrote in his newsletter: "Two updates that indicate a payout may be coming.
“Lloyds, which owns Black Horse, has already put a £450m 'provision' towards potential costs & payouts for this. A strong indication that it thinks it, and by inference others, will probably need to pay back money due to DCA mis-selling.
“The boss of regulator the Financial Conduct Authority (FCA) last week said it's improbable its investigation will find no evidence of wrongdoing. We won't know until it reports in September, but it is another strong indicator.”
In a speech, Nikhil Rathi, chief executive of the FCA said:
Beauty buffs have long hailed Charlotte Tilbury products as being some of the best on the market. But they don't come cheap, especially the brand's iconic Magic Cream, which costs a cool £79 for a 50ml bottle.
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