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Why are UK banks still getting their PPI sums wrong?

ppi graph 1

£18 billion paid out since Jan 2011 – and still counting!

Unless you’ve been living on the dark side of the moon or been stuck in the wilds of the Australian outback for the last six years, you will be well aware of the multi-billion pound scandal surrounding the mis-selling of PPI by Britain’s leading banks.

The sheer scale of the thing is immense, with a total of £18 billion pounds already paid out to successful clients.  That figure makes it the biggest financial mis-selling disaster the UK has ever seen, but the question has to be asked – why are our top high street banks still getting their PPI sums wrong?Read More


TSB agrees takeover by Spanish bank

TSB agrees takeover by Spanish bank

Trustee Savings Bank (TSB) is to be sold to Spanish Bank Sabadell for £1.7 billion, less than a year after being floated on the UK stock market by Lloyds Banking Group (LBG).

TSB is seen as one of the new ‘challenger banks’ set up to challenge the dominance of the big four UK high street banks – Lloyds, Barclays, HSBC and Royal Bank Of Scotland (RBS).Read More


Why PPI compensation could get more costly for UK banks

Why PPI compensation could get more costly for UK banks

Paying PPI compensation could soon become more costly for UK banks because new rules will mean they can no longer claim it back on their taxes.

Under existing rules, the banks are allowed to deduct the billions of pounds they are paying out for mis-sold PPI against their corporation tax bills.Read More


SUCCESS STORY – £24,272.62 and quicker than when I did it!

Success story

Engineering inspector Robert Reddington knew all about successful PPI claims before he came to Gladstone Brookes because he’d made one himself already.

“I’d heard all about people getting money back for mis-sold PPI so I thought I’d have a go myself to see what happened.  I was successful, but it took me more than 16 weeks the get the money off the bank,” he said.

Read More


Red Nose Day dance class

Red Nose Day dance class

Leah leading the class in the street dance

PE class changed into dance class for the pupils of St Gregory’s when Wolves Foundation Inclusion and Arts Manager Leah Biddle took over the weekly session for a Red Nose Day yoga and street dance class.

Leah and staff from Gladstone Brookes started of the hour long session with yoga floor exercises before switching to teaching the children a short street dance routine.Read More


Mis-sold pensions compensation could be worth £billions

Mis-sold pensions compensation could be worth £billions

Compensation for mis-sold pensions could run into billions of pounds say experts.

Up to 600,000 already retired workers could have been short-changed with inappropriate deals in which they were sold the wrong annuity.Read More


CHARITY OF THE MONTH – The Newborn Appeal

CHARITY OF THE MONTH – The Newborn Appeal

Nurses Jan Waugh (left) and Debbie Mercer (right) receiving the cheque
from GB’s Laura Teeling

GB has been given a massive thank you from this month’s nominated charity – The Newborn Appeal – for our donation of £690.

Spokeswoman Nadia Alsafaar said: “This is so generous of you.  We couldn’t carry on doing the work we do here without the support of selfless donors like you so a massive thank you from everyone associated with the unit.”Read More


A great trip out!

A great trip out!

Host Craig Thomason points out some of the features of the stadium

Many of them have seen it on TV in televised rugby games, but children from St Gregory’s RC High School got to experience the real thing when they were treated to a guided tour of the Halliwell Jones Stadium, including lots of behind-the-scenes special access.

The visit was part of the on-going collaboration between Warrington Wolves Charitable Foundation and staff from Gladstone Brookes to bring different experiences to pupils of St Gregory’s who have special educational needs.Read More


PPI payout bill cracks £18 billion barrier

PPI payout bill cracks £18 billion barrier

Britain’s PPI payout bill has just cracked the £18 billion barrier according to official Financial Conduct Authority (FCA) figures.

The regulator reveals that £339.1 million was paid out in December – a £9.5 million increase on the previous month and £15 million higher than the same month in 2013.  The average monthly payout for 2014 was £364.2 million.Read More


CHARITY OF THE MONTH – The British Heart Foundation

CHARITY OF THE MONTH – The British Heart Foundation

Cancer is a word that strikes fear into everybody’s heart, but the biggest killer in the UK is disease affecting the heart itself.

The British Heart Foundation says a staggering one in three deaths in Britain is caused by heart or circulatory disease and 2.6 million people are living with either or both conditions on a daily basis.Read More


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