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PPI News - July 2012

Lloyds Make Half-Year Loss After Increasing PPI Provision

26 July 2012

Lloyds Banking Group has made a half-year loss of £439 million and has increased provision for payment protection insurance (PPI) claims by £700 million.

It is the second time this year Lloyds have increased the provision and takes the total to £4.27bn from an original £3.2bn

» Read the full story on the BBC

Banks Put Aside An Additional Billion for PPI

25 July 2012

Britain's top four banks are to add an additional million pounds to the funds used to deal with refunding missold payment protection insurance. This brings the total fund to 8 billion.

PPI Compensation Claim of £65,000

25 July 2012

A women in Hertfordshire has been refunded £65,000 in mis-sold payment protection insurance (ppi) from her credit card company: MBNA

Read the full story at the BBC.: http://www.bbc.co.uk/news/business-18554478

Central Bank Order Review of PPI

02 July 2012

Financial institution in Ireland have been ordered by The Central Bank in Ireland to carry our reviews of their sale of Payment Protection Insurance (PPI).

This is part of an ongoing investigation by the Central Bank, regarding concerns that many policies have been mis-sold.

> Return to main news page

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Payment Protection Scotland is a trading name of Payment Protection Services Ltd. regulated by the Financial Conduct Authority in respect of regulated claims management activities (SC404848). Its authorisation is recorded on the website at www.fca.org.uk/firms/financial-services-register (Temp Auth No. FRN 837088). Registration with the Information Commissioners Office (ICO); registration number Z354206X. Registered as a company in Scotland; Company Number (SC404848). Registation Address; 272 Bath St. Glasgow G2 4JR

No Win No Fee – charges may apply if you cancel after the 14 day cooling off period, see website at www.paymentprotectionscotland.co.uk for full Terms of Engagement. Fees are 24% (VAT Inclusive) for all contracts entered into after 1st April 2019. Contracts entered into prior to 1st April 2019 are chargeable at the rate outlined in such contracts. Our fees are subject to regulatory change.