Chance to Claim Old Money, Held by PPL

PPL is changing its policy on how the go about distributing money to its members.

At its discretion, PPL operated a policy of seeking to distribute monies to members relating to sound recording usage from as far back as 1996. This applied even where income relates to usage falling outside the six year statutory limitation period.

However, from July 2010, as part of their ongoing systems development programme, they intend to change this policy so that PPL only distributes income relating to sound recording usage within the applicable statutory limitation period of six years.

Until 26 April 2010, PPL will continue to accept claims under the existing discretionary policy for income relating to use of a track between 1996 and 2003.

Any claims they receive after 26 April 2010, will only receive distributions for sound recording usage within the applicable six year statutory limitation period.

The change of policy will allow PPL to release previously undistributable income to its members, which relates to sound recording usage between 1996 and 2003.

PPL sees this as a positive change that will ensure that held income is distributed to its members within a reasonable period of time.

Due to these changes it is important to ensure that PPL have your up-to-date details.

For more information, go to: www.ppluk.com