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.

FCA fines Carphone Warehouse £29 million

FCA fines Carphone Warehouse £29 million

The Financial Conduct Authority (FCA) has fined Carphone Warehouse £29 million for mis-selling mobile phone insurance.

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Why should I make a PPI claim?

Why should I make a PPI claim?

With just six months to go before the PPI deadline on August 29th, millions of potential claims remain to be made with banks setting aside billions of pounds to cover potential pay-outs.

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Are we doomed by paying with cash?

Is paying by cash doomed?

A hard-hitting new report is demanding that government step in with measures to save our doomed cash system.

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PPI claims deadline – six months and counting

PPI claims deadline - six months and counting

The PPI claims deadline is now just six months away and if you are one of the millions of people with a PPI policy and you haven’t made a claim for possible mis-selling, your time is running out.

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FCA: £300 million overcharging on PCP car deals

FCA: £300 million overcharging on PCP car deals

Britain’s financial watchdog says car dealers and finance companies are working together to overcharge car buyers by more than £1,000 a deal.

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PPI NEWS UPDATE – February 2019

PPI NEWS UPDATE – February 2019

2018 monthly PPI payout averages over £⅓ billion

Figures just published by the Financial Conduct Authority (FCA) show that Britain’s banks paid a monthly average of £354.1 million in 2018 and a total of £4.2 billion for the year.

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Dozens of IT shutdowns hit British banks

Dozens of IT shutdowns hit British banks

For the first time figures have been produced to show the number of IT problems suffered by British banks and have revealed that most of them had at least 10 separate events between April and December last year.

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PPI claims help keep Co-op Bank in the red

What will the final PPI payout be?

The on-going cost of compensation for mis-selling PPI policies has helped keep the Co-op Bank in the red, according to its annual report.

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SUCCESS STORY – It was life-changing!

SUCCESS STORY – It was life-changing!

Linda Dawber had no idea whether or not she had ever taken out PPI because her husband dealt with all the couple’s financial matters.

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Lloyds PPI pot – £1.3 billion left

Lloyds PPI pot - £1.3 billion left

Lloyds Banking Group (LBG) still has £1.3 billion left to pay successful PPI claims before the August claims deadline.

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