PPI News - March 2016
PPI complaints rise 6pc as consumers continue to win compensation
omplaints about Payment Protection Insurance (PPI) rose 6pc in the second half of last year compared to the first six months, and accounted for almost half of all complaints about banks, suggesting the product continues to confuse and frustrate customers.
Read the full story at The Telegraph.
Lloyds staff lose £1,500 each to pay PPI compensation
Workers at Lloyds Banking Group are taking a direct hit to the pocket from the huge cost of the payment protection insurance (PPI) mis-selling scandal, according to new figures.
Read the full story at The Telegraph.
Pension reforms won't be the next PPI
The outgoing boss of the FCA, Tracey McDermott, has assured MPs that lessons have been learned from the Payment Protection Insurance (PPI) scandal.
She was confident that pension reforms, which allow people to have more freedom over their savings, would not lead to mis-selling on a similar scale
Read the full story at the BBC's website.
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