Blog Category: Banking


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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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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What will the final PPI payout be?

What will the final PPI payout be?

When the alarm bells first started ringing about mis-sold PPI experts believed the episode would be very short-lived and end up costing around £4 billion.

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SUCCESS STORY – New PPI claims proved M&S wrong

SUCCESS STORY – New PPI claims proved M&S wrong

Janice Smith knew she had PPI on three loans that she had with Marks & Spencer and made a claim for mis-selling direct to them.

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