Insurance Archives | Gladstone Brookes

Blog Category: Insurance


Gladstone Brooke’s Top 20 PPI Payouts for March 2020

Gladstone Brooke's Top 20 PPI Payouts for March 2020

Gladstone Brookes clients are continuing to receive life-changing sums of money as compensation for PPI they were mis-sold.

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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 – Taxman hits the PPI jackpot

Taxman hits the PPI jackpot

The taxman looks set to reap millions of pounds from compensation payouts to Britain’s bankrupts.

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PPI over and done with? No way!

PPI over and done with? No way!

PPI? Surely that’s all over and done with – and anyway isn’t the deadline for claims in just a few weeks?

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Lloyds add another £100 million for PPI

Lloyds add another £100 million for PPI

With just four months to go before the PPI claims deadline Lloyds Banking Group (LBG) have added another £100 million to their PPI compensation pot.

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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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New warning on mis-sold insurance

New warning on mis-sold insurance

A warning has been issued that anyone who has bought car, home, travel or warranty insurance via a so-called ‘middleman’ should check to make sure their policy is fit for the purpose they bought it for.

A Financial Conduct Authority (FCA) investigation found ‘examples of potential mis-selling and customer detriment as a result of appointed representatives’ actions at a third of the principal firms included in the review.Read More


FCA tighten up on insurance renewals

FCA tighten up on insurance

The Financial Conduct Authority (FCA) is planning to force home and car insurers to tell customers what they are currently paying for their policy when it’s time for renewal.

In most cases renewal notices sent to consumers don’t include the current premium so they can’t judge if they’re getting a fair deal or being hit by a big increase for no good reason.Read More


New £multi-million mis-selling scandal set to hit banks

New £multi-million mis-selling scandal set to hit banks

A new mis-selling scandal could cost the UK’s banks millions of pounds after a redress scheme was agreed between the banks, credit card companies and insurance provider Affinion International.

An estimated 2 million card holders who were sold unnecessary card protection for fraudulent use of stolen or lost cards can now claim compensation for the useless cover which cost up to £25 a year.Read More



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