Eighteen-months left for commission based selling
The Financial Services Authority (FSA) has said that commission based selling must be banned, with managing director, Martin Wheatley, expressed that all misselling must stop with 18 months. The recent...
View ArticlePPI predictions more than double
Missold Payment Protection Insurance (PPI) has become one of the largest financial scandals of all time, and it has now been shown that previous estimations for complaint numbers have already doubled...
View ArticleSubstantial growth in complaints against financial industry noted
It has been revealed in new Financial Services Authority (FSA) figures that the number of complaints that are being seen by the banking industry has grown by 59 per cent. A large proportion of these...
View ArticleWhich? calls for more PPI funding
Consumer watchdog company Which? has said that banks must increase the Payment Protection Insurance (PPI) liability fund as the current £10bn could run out in months. With missold PPI complaints...
View ArticleCo-operative reveals hard-sell bonus target ban
It is widely acknowledged by experts that a major contributor towards the missold Payment Protection Insurance (PPI) scandal was the hard-sell targets implemented by financial institutions upon their...
View ArticleComplaints numbers dominated by PPI claims
It has been revealed that complaints numbers in Britain continue to be dominated by missold Payment Protection Insurance (PPI) claims. Statistics for complaints are published every six months, with it...
View ArticlePPI claims important for family finances
Thousands of people across the UK have heard about Payment Protection Insurance (PPI) and the scandal that currently surrounds it. Over the past decade or so, missold PPI practices have been rife,...
View ArticleFSA and Lloyds clash over dividend request
It has been revealed that the head of Lloyds Banking Group, Antonio Horta-Osorio, has expressed interest in paying out a small dividend from the financial institutions profit. However, with the bank...
View ArticleCredit card company sets aside PPI cash
It has been revealed that credit card company MBNA have set aside a hefty sum of £175m to cope with missold Payment Protection Insurance (PPI) claims. It is not only banks that have missold PPI over...
View ArticlePPI claims show first sign of decline
Barclaycard has revealed that they are experiencing a declining number of Payment Protection Insurance (PPI) claims. Whilst missold PPI claims continue to soar in many parts of the financial market,...
View ArticleClik here to view.
Irish banks named and shamed in new PPI revelation
The missold Payment Protection Insurance (PPI) scandal has been widespread across Britain, causing thousands of people to submit complaints and claim back billions in compensation. Now the central bank...
View ArticleClik here to view.
Fast Track Reclaim Customer Reviews
We are of the opinion it’s better to get information about a company from other people who have used it’s services. That’s why we use eKomi, an internationally recognised, independent feedback company....
View ArticleBank Culture: A Generation Required to Change?
A new report has stated how it believes banks need at least a generation to both change their current cultures, and to re-build the trust of their customers, which has been lost through mis-selling...
View ArticleFOS States: ‘years before PPI scandal will end’
A recent report from the Financial Ombudsman Service (FOS) has announced how it will be ‘years before the Payment Protection Insurance (PPI) mis-selling scandal is over’. Although rumours circulated...
View ArticleWealth of the Richest 1% to Exceed That of the Rest
Anti-poverty charity Oxfam has published new research which shows that by 2016, the combined wealth of the richest 1% of the population is set to exceed that of the other 99% unless current rising...
View ArticleBank/Credit Card Provider Customers Owed Compensation for Mis-sold Insurance
It is believed over two million people could be due compensation as a result of being mis-sold ‘worthless protection’ for their credit cards. The Financial Conduct Authority (FCA) has spoken out again...
View ArticleFCA Looking at ‘Further Interventions’ for Banks’ Handling of PPI Claims
£17.3bn in compensation has already been paid out by banks to their customers since January 2011 to repay mis-sold Payment Protection Insurance (PPI), and now the Financial Conduct Authority (FCA) have...
View ArticleLoyal Energy Customers Miss Out on Savings
Early evidence from the Competition and Markets Authority (CMA) has highlighted how many dual-fuel customers of ‘big’ energy firms have missed out on savings due to not switching their supplier. As it...
View ArticlePPI Bill Now Tops £24.4bn
Consumer group Which? have announced that the total bill for the mis-selling of Payment Protection Insurance (PPI) has reached £24.4bn, for the five biggest banks in the UK. Barclays, Santander,...
View ArticleOil Industry to Create 8,000 Jobs
Despite the continuous slope in recent oil prices, UK oil and gas companies are set to create around 8,000 new jobs over the next two years. Although this figure is 2,000 less than that of the two...
View Article
