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Barclays expect to pay another £900 million for PPI

Barclays expect to pay another £900 million for PPI

Figures just released by Barclays show that they expect to pay another £900 million in PPI compensation.

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FOS uphold 93% of claims against TSB

FOS uphold 93% of claims against TSB

The Financial Ombudsman Service (FOS) upheld 93% of complaints against TSB in 2018 following its IT meltdown in April.

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Standard Variable Rate (SVR) mortgages – the new PPI?

Standard Variable Rate mortgages – the new PPI?

Financial experts are beginning to suggest that standard variable rate mortgages may take over from PPI after the claims deadline of August 29th.

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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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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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FCA: £300 million overcharging on PCP car deals

FCA: £300 million overcharging on PCP car deals

Britain’s financial watchdog says car dealers and finance companies are working together to overcharge car buyers by more than £1,000 a deal.

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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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