Blog Category: News
Teacher Emma Tibbitts came to Gladstone Brookes with her PPI claim because she was recommended by a friend who had had a successful claim and suggested she try it herself.
“I wasn’t even sure whether or not I had PPI, but I thought it was worth giving it a try. After an initial phone call they sent through some very easy forms to fill in,” she said.Read More
HSBC has announced an additional £58 million to its PPI provision ‘reflecting higher than expected levels of inbound complaints.’
Their half year report adds that they expect a further 300,000 complaints in future, but that figure did not include potential new claims generated by the Plevin case of 2014.Read More
Lloyds Banking Group (LBG) have raised their PPI payout pot by a further £1.4 billion, increasing their overall provision to £13.4 billion.
Chief Financial Officer, George Culmer, revealed in the bank’s half yearly figures that £2.2 billion of the figure remains unused. It is intended to cover future successful claims and the cost of the Past Business Review Lloyds have had to carry out on 1.4 million previously rejected or potentially underpaid cases.Read More
Anthony Noble is very happy with the service he received from Gladstone Brookes.
“I’ve told lots of people how good they are after the job they did for me,” he said.Read More
Centrica, the firm which owns British Gas, has announced they will be cutting 6,000 jobs on the same day they announce British Gas profits have doubled in the last six months.
The profits from British Gas’s residential arm rose from £265 million last year to £528 million for the same period this year. Centrica group profits fell by 3% to £1 billion.Read More
Royal Bank Of Scotland (RBS) has reported a half year loss of £153 million after setting aside still more money for litigation costs.
But the predicted increase in their PPI provision did not materialise. The £459 million being set aside is intended for anticipated penalties by US regulators arising from the mis-selling of mortgage-backed securities in America and interest rate hedging products.Read More
The FCA believe warnings about pressure tactics being used on sales staff in financial businesses are being ignored.
The UK regulator issued a statement in mid March, highlighting its concerns that management applying pressure to sales staff increases the risk of mis-selling products to customers.Read More
Security officer Stephen Lester nearly didn’t make his claim for mis-sold PPI, but he’s glad he came to Gladstone Brookes to get it sorted out.
Said Stephen: “Last April a good friend told me he’d got some money back, so I decided I was going to do something about it. I wrote to the bank to get the ball rolling. I couldn’t believe the amount of paperwork they sent back. They must have destroyed a rain forest!”Read More
Barclays Bank has added another £600 million to the amount they have set aside to pay future successful PPI claims.
The bank – the first to declare its half year figures for 2015 – has now set aside a total of £6 billion.Read More
A BBC investigation claims the government and banks have both exerted pressure on the UK’s financial regulator to sidestep millions of pounds of compensation for mis-sold interest rate hedging products.
The Newsnight programme says it believes that the Treasury tried to put pressure on the Financial Conduct Authority (FCA) over concerns about how much the mis-selling of interest rate hedging (IRH) products could cost the British banking industry.Read More