Blog Category: PPI
Former paramedic Hywel Jones ended up with £941.77± from his successful PPI claim against Cheltenham & Gloucester back in January 2013 and thought that was all he was due to.
But under a new process, Gladstone Brookes was able to look at other possible claims in other parts of the Lloyds Banking Group (LBG) to which Cheltenham & Gloucester belonged.Read More
American banker Jes Stayley is the man chosen by Barclays Bank to lead it out of an era of PPI mis-selling and exchange rate fixing scandals.
James ‘Jes’ Stayley has been appointed chief executive to replace Antony Jenkins who was fired by the Barclays board in July after he fell out with them over plans for cost cutting and profitability.Read More
More than 250,000 people are queueing up to buy £2 billion worth of Lloyds shares when they go on sale next spring.
Revealing the figure, Chancellor George Osborne said: “More than a quarter of a million people have so far registered to take part in the issue – that is five times the number who registered for the Royal Mail issue.”Read More
Teacher John Walbran first came to Gladstone Brookes in 2011 and had a successful claim for PPI mis-sold on a Bank Of Scotland loan.
He was pleased with the £7,436.54± compensation he got back and thought that was the end of matters – but he was wrong.Read More
Businessman Alex Johnson had been intending to make a claim for mis-sold PPI, but just never found the time to get around to putting the paperwork in.
“I was just too busy, even though I knew I had paid PPI in the past, especially on some loans because the suggestion was I needed to take insurance out when I signed up for them,” he said.Read More
Plans to offer at least £2 billion worth of Lloyds shares to the public have been announced by the government.
Investors will be offered the shares at a 5% discount on the market price at the time of sale and small investors wanting to buy less than £1,000 worth of shares will be given priority.Read More
Almost £2.4 billion has been paid in compensation for successful PPI complaints in the last six months, with more than 883,000 new complaints being made.
Half year figures published by the Financial Conduct Authority (FCA) show that though the number of complaints is falling, Britain’s banks are still paying out well over £⅓ billion a month for mis-sold policies.Read More
The Financial Conduct Authority (FCA) has announced it is to consult on a deadline for future PPI complaints by the end of the year.
The regulator says it does not expect the new rule to come into force until the spring of next year and the proposed cut off date will be two years from the day the rule comes into effect.Read More
Mr and Mrs Fowler decided on a touring holiday in Cornwall this summer and were stunned when they returned home to find the latest instalments of a £16,000± PPI payout from multiple PPI claims.
In a call to Gladstone Brookes an amazed Tracy said: “Honestly, this Barclays one I didn’t even know I had on my own because I’ve never knowingly taken out PPI because I’ve never needed to.”Read More
A decision on whether or not to impose a deadline on future PPI claims has been delayed by the Financial Conduct Authority (FCA).
The City watchdog met last week to decide on the possible imposition of a time bar on new PPI claims. They were also discussing a Supreme Court ruling from November last year which experts have predicted will unleash a new tidal wave of claims.Read More