News

Lloyds sets aside extra £1 billion for PPI claims

Lloyds Banking Group has set aside another £1bn to cover charges relating to payment protection insurance (PPI) claim, bringing its half-year profits slightly below analyst expectations. The charge, which is more

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Barclays sets aside extra £700m for PPI claims

Barclays has reported a heavy loss for the second quarter in 2017, hit by the one off costs of a big disposal in Africa and further knock from mis-selling of

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“Is the PPI Claims deadline fair or lawful?”

The final deadline for making a new PPI complaint in order to claim PPI has now been officially announced by the FCA and is set for 29 August 2019. However,

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“Is it true that there is a PPI Claims Deadline?”

Yes,  the City watchdog, the Financial Conduct Authority (FCA), has confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. The final deadline for making a

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“Have most people with PPI Policies now made a PPI Claim?”

You would be forgiven for thinking that the number of people who have yet to claim PPI  is starting to tail off. However, the PPI Claims Companies and the Financial

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“Is 50% plus commission on PPI sales fair or ethical PPI?”

A court ruling in the case of Plevin V Paragon Personal Finance could have significant bearing on how  PPI claims are handled by banks in the future. The court concluded

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“So if the company that sold the PPI policy has gone bust can I still claim PPI redress?”

Well, this depends on a couple of things. Firstly, whether by “bust”, we mean that the PPI company or the company that sold you the PPI has gone into administration

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Why the regulator is reluctant to introduce a PPI Claims deadline…..but looks like it will

The Financial Conduct Authority (FCA) wants to set a 2019 deadline for people to make PPI claims over mis-sold payment protection insurance (PPI). The FCA said in August it was

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“Were all PPI policies as bad as each other?”

It would be fair to say that the answer to this question is no. What they refer to as ‘single premium’ PPI policies were much worse than the monthly paid

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Step by Step Guide to File a PPI Claim

Almost three million people were mis-sold payment protection insurance (PPI) by banks and other lenders and were hounded by these financial institutions to pay the arrears on their personal loans.

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