Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.
Blog Category: PPI
Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.
2019 was a landmark year for PPI with the much heralded claims deadline passing on August 29th.
The last month of 2019 produced a good crop of Christmas and New Year surprises for our clients with a dozen of our Top 20 payouts all receiving five figure sums in compensation from just a single claim.
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.
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.
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±.
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.
Have you ever thought what the figure £34.6 billion really means, other than it being the amount of money UK lenders have already paid out in PPI compensation