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41,874 Complaints To Lloyds About Insurance In Just 6 Months

Category: PPI — Date: 27/08/2010
Lloyds Banking Group have admitted they received 41,874 complaints about their insurance products in the first six months of the year. The majority...

FSA’s New PPI Rules Could See Refunds Of Almost £3 Billion

Category: General, PPI — Date: 11/08/2010
Nearly three million people with Payment Protection Insurance (PPI) policies could be in line for compensation totalling almost £2.7 billion. There is expected to be...

New PPI Clampdown Measures Announced By FSA Will Cost £3.2bn

Category: Finance, General, PPI — Date: 10/08/2010
The Financial Services Authority (FSA) estimates the cost of its clampdown on Payment Protection Insurance (PPI) could rise to £3.2 billion. The FSA had previously...

FSA Announce New Measures Designed To Reform PPI Market

Category: Finance, General, PPI — Date: 10/08/2010
The Financial Services Authority (FSA) has announced a package of measures designed to reform the Payment Protection Insurance (PPI) market. The FSA has said the...

FOS Figures Show PPI Most Complained About

PPI has topped the list for complaints to the Financial Ombudsman Service (FOS)

The FOS has published quarterly data for the first time, which shows inquiries about Payment Protection Insurance are the biggest source of complaints.

Figures show there were 13,520 complaints about PPI in the first three months of the financial year, with 81% of these resolved in favour of the consumer.

The number of complaints about PPI were more than twice the amount of complaints about current accounts, which was next on the list with 5,420 complaints. Third on the list was credit card accounts, with 4,296 people making queries.

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Category: Finance, General, PPI — Date: 28/07/2010
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