In my full and final settlement offer it says future PPi awards to be paid directly to client is that myself or the creditors my iva was settled September 2015
It will go to the IP for distribution amongst your creditors unless you manage to pay back 100p in the pound plus fees and statutory interest.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
A "Full and Final" is usually neither full nor final! Much depends on the wording, of course, but it is usually a moratorium on regular payments until the IVA is formally closed. Even after completion PPI is, currently, deemed an asset that existed during the IVA. So, even if it comes to light afterwards, it belongs to the creditors.
Anything that arises after completion, lottery wins, inheritances and normal income no longer has anything to do with IP or creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014