News Archives | Gladstone Brookes

Blog Category: News


All the latest news from the finance world, both UK and abroad. We keep an eye on all emerging stories which affect the general public.

PCP car loan – were you mis-sold?

Were you mis-sold a PCP car loan?

Tens of thousands of UK motorists could be owed compensation for mis-sold car finance loans known as personal contract plans (PCP) after a two year investigation found some motorists were paying £1,100 over the odds on their finance.

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PPI News – CMA forces Paymentshield to pay £380,000 for PPI breaches

CMA forces Paymentshield to pay £380,000 for PPI breaches

Britain’s Competition and Markets Authority (CMA) has forced Paymentshield to pay £380,000 compensation to hundreds of customers for breaches of PPI rules with further payments expected in the near future.

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Coronavirus – Don’t fire people because of the Pandemic

Coronavirus - Don’t fire people because of pandemic

As the effects of coronavirus change with almost bewildering speed, the new Bank Of England governor Andrew Bailey has asked firms to think twice before firing people because of the coronavirus pandemic.

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Cavity wall scandal ‘could be as big as PPI’

Cavity wall scandal could be as big as PPI

A Welsh MP is calling on the government to investigate thousands of complaints about cavity wall insulation in a scandal that ‘could be as big as PPI’.

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Coronavirus News – FCA urges firms to work ‘as normally as possible’

Coronavirus News - FCA urges firms to work ‘as normally as possible’

Britain’s financial regulator has urged firms in the financial sector to carry on working as normally as possible, but has had to postpone its own non-urgent work to help others to deal with the crisis.

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CHARITY OF THE MONTH – Breast Cancer Now

CHARITY OF THE MONTH – Breast Cancer Now

Latest figures show one in two of us will get cancer at some time in our lives and we have all felt its effects over the years.

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PPI News – No PPI decision yet for hundreds of thousands

No PPI decision yet for hundreds of thousands

Six months after the PPI claims deadline on August 27th last year more than half of claimants have still had no decision on their complaint.

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PPI News – Co-op Bank takes £62.5 million hit for PPI

PPI News - Co-op Bank takes £62.5 million hit for PPI

Pre-tax losses for the Co-operative Bank widened to £152.1 million from £140.7 million after the bank took a hit of £62.5 million for mis-sold PPI over the last year.

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Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.

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PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

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