It depends if your Trustee has been discharged or not. If they haven't then the money goes to them.

im in a similar situation but we have just recieved the settlement figure from rbs which we have accepted but not sure if we will get money or not our trust deed finished two years ago and like you i thought they no longer had a claim

Welcome to the forum coneill_2005 and amann.

As CIF has said, if your trustee remained in office to deal with PPI any payment will go to your trust deeds.

On top of that, RBS has apparently adopted a position that they can offset potential PPI debts against debts that they have already written off in trust deeds.

Is that position justifiable? Nobody will probably know unless it's tested in court.

Neelia's story on the following thread might be of interest to you:

https://www.trust-deed.co.uk/forum/topic.asp?TOPIC_ID=2540&whichpage=1

Can't really understand the position with pursuing PPI for folk in Trust Deed's or Sequestration. It costs time and money to deal with the claims. It would surely make more sense for each of the banks to write it off. They are effectively just passing money between each other and constantly cancelling each other out.

For example if my Trustee recovers PPI from say Lloyds and Barclays, Lloyds and Barclays need to send cheques to the Trustee. He then needs to recalculate the dividend and return some of that money to Lloyds and Barclays.

Can anyone see where I am coming from here?

I can see the point CIF.

Looking at the relative payout figures it seems that some banks misbehaved a lot more than others.

The system as it is at least redistributes money from banks that broke the rules a lot to those that did so less.