Santander PPI provision receives £450m bonus With the impending news of a PPI deadline and new hope for potentially millions of rejected PPI claims we have been expecting UK lenders to make additional payments to their PPI funds. Today we hear that the Santander PPI provision has received £450m, with news earlier confirming RBS / […]
RBS PPI provision up by £500m Yesterday we brought you news that we were expecting major UK banks to be setting aside upwards of £5bn over the next few weeks to cover PPI claims. Today we hear that the Natwest and RBS PPI provision will receive an additional £500m. This takes the total Natwest / […]
Jump In PPI Bill Expected To Be £5bn The next few months will prove to be a very interesting time in the whole PPI mis-selling saga. With expected announcements regarding a PPI deadline and new rules opening the door for potentially millions of rejected PPI claims, we are anticipating a wave of claims and media […]
Rejected PPI Claim? A New Hope Have you previously received a rejected PPI claim from your bank, or even the Financial Ombudsman Service? If the answer is yes there is potential new hope for you following a Supreme Court Ruling. The Financial Conduct Authority (FCA), which regulates the banking industry has put forward new proposals […]
Banks forced to fund PPI advertising campaign We brought you news recently that the weakness of the Financial Conduct Authority (FCA) could finally see a PPI deadline being introduced. That deadline, if approved early next year, is likely to be 2018 which will please the banking industry as they now look set to come out […]
RBS and Natwest stop target bonuses RBS and Natwest have claimed they have become the first UK banks to put a stop to the ridiculous target driven culture within its branch network. Whilst we welcome the news, if indeed it turns out to be true of course, there are some pretty worrying points to be […]