It has emerged that Lloyds Banking Group (LBG) wrongly rejected 61,000 PPI claims after telling its customers they could find no records of an account with PPI attached.
Blog Category: Banks
Our penultimate charity of the month for 2019 is the mental health charity MIND, nominated by Nikki Glover who is currently on maternity leave, but told us before she went that she has known people suffering from mental health issues and wanted to support the charity that helped them.
Accepting our cheque for £400, Kayleigh Hancox said: “I manage our charity shop in Stockton Heath because we need every penny we can get to help provide the advice and support for anyone experiencing a mental health problem.
I can’t thank Gladstone Brookes enough for such a generous gift and can assure you it will be put to good use.”
One in three
One in three people will suffer a mental health problem in their lifetime. It could be something as simple as temporary stress brought on by working conditions nor a difficult home life, through to depression and ultimately the desire to commit suicide and the mind set to carry it out.
Said Kayleigh: “MIND wants to ensure the people who need support in understanding their condition get it and then receive the help they need to educate them about the resources available and help them move forward.
Donations such as this from Gladstone Brookes help us to raise awareness of mental health in society.”
A year of giving
The £400 donation to MIND almost brings to an end a year of giving for the company with another group of charities all benefiting from donations raised by dress down money contributed by members of staff who also nominate which charities will get a payout.
Other donations this year were:
- Our final charity for 2019 will be the now traditional trolley dash around Smyths Toy Superstore to buy £1,000 worth of toys for underprivileged children at Christmas.
A High Court judge has ruled that an American insurer – Genworth Financial – is legally liable for 90% of the £265 million cost of PPI policies mis-sold through Spanish-owned bank Santander.
Britain’s financial regulator is growing concerned about the possible effects of a downturn in the economy in 2020.
Britain’s financial regulator has demanded an explanation from Lloyds Banking Group (LBG) for the findings of a report into the £245 million HBOS Reading fraud case.
Overdraft charges for some HSBC could quadruple in March of next year when the bank plans to adopt a single 39.9% interest rate for anyone in the red.
Three months after the PPI claims deadline on August 29th, financial firms are still increasing the amount of cash they have set aside to pay successful PPI claims.
Gladstone Brookes was able to hand over 20 early Christmas surprises to our clients totalling more than £625,000±.
Cyber experts are warning consumers about a spoof mobile phone program which can steal your log-in details.
Official figures just released show that in the month of the PPI claims deadline Britain’s banks paid out £391.6 million in fresh compensation for mis-sold policies.