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Payment protection insurance

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Clydesdale Bank hit by £450m of new PPI charges

The Guardian - ‎11 hours ago‎
The cost of payment protection insurance (PPI) payouts continues to hang over Clydesdale Bank after it announced a £450m charge for the mis-selling scandal in its first results as a stock market-listed company.
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PPI victims 'should have got £5bn more'

BBC News - ‎May 12, 2016‎
Twelve million consumers who were mis-sold Payment Protection Insurance (PPI) should have got an extra £5bn, a group of MPs has said.
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Consumers turned off by banks' hidden charges and fees

Financial Times - ‎6 hours ago‎
UK banks have been hit by a series of compensation claims, with the mis-selling of payment protection insurance (PPI) being the biggest and best known. Recent research by New City Agenda, a think-tank, estimates that the PPI scandal has cost UK banks ...
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Nationwide plans mortgages shake-up to help defend profits

The Guardian - ‎13 hours ago‎
... £46m contribution to the Financial Services Compensation Scheme, and other items, were £1.2bn, up 23%. There was a rise in provisions for customer redress to £127m from £59m, with much of the increase relating to payment protection insurance (PPI).

Why £15 a month to cover your washing machine is really taking you to the cleaners

This is Money - ‎8 hours ago‎
When Shelagh Wiseman's washing machine stopped working in April 2015, she thought she was being sensible by taking out insurance after it was fixed. It was a hassle to mend and the retired secretary, 86, was told by the repairman from Domestic ...

Wednesday Papers: Monsanto rejects $62bn Bayer bid - ‎2 hours ago‎
The Guardian: The cost of payment protection insurance (PPI) payouts continues to hang over Clydesdale Bank after it announced a £450 million charge for the mis-selling scandal in its first results as a stock market-listed company.

ASK TONY: Nationwide owes me £4750 after I bought a faulty VW Golf – but it won't pay out

This is Money - ‎8 hours ago‎
There's a number of reasons why, not least that the consumer protection legislation governing the sale of insurance did not exist until decades after your grandmother was sold the policy. These door-to-door policies were extremely common. Families were ...

Merlin's potential is intact, says UBS

Proactive Investors UK - ‎19 hours ago‎
In other analyst news, Deutsche has rowed across the channel and homed in on UK banks, and adjusted its ratings in the light of higher PPI payouts - payment protection insurance - and a "lower for longer" NIM (net interest margin) environment. "Overall ...
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UK borrowing falls in April but Osborne misses full-year target by £3.8bn

Belfast Telegraph - ‎19 hours ago‎
Clydesdale Bank reveals another £450 million hit from PPI scandal. Clydesdale Bank revealed another £450 million hit from the payment protection insurance scandal, and said it was slashing costs further after its recent stock market flotation. The FTSE ...
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Legal costs burn one-third of Europe bank profits since '08: ECB

Reuters - ‎20 hours ago‎
Almost half of that sum was put aside by British banks, in particular for settling costs associated with the misselling of payment protection insurance. "Despite the large number of conducted cases and settlements to date, the expected costs of past ...

Germany battles nursing home fraud after mafia scandal

Deutsche Welle - ‎12 hours ago‎
On Tuesday the German foundation for patient protection (DSP) presented a new eight-point plan to fight the crime as part of a "long overdue public discussion" on care fraud in Germany, as a statement put it.

After 18 years of litigation, doctors and government agree to $7.5 million class action settlement over unpaid fees

Vancouver Sun - ‎3 hours ago‎
In the early 1990s, the NDP government cancelled health insurance coverage when patients failed to pay their premiums and denied payment to doctors when they treated patients anyway. The issue came to a head in 1996 when, during an election ... In 1996 ...

PPI nuisance callers rake in £5bn

The Times (subscription) - ‎May 12, 2016‎
Cold callers have made at least £5 billion by bombarding the public with nuisance calls and texts over payment protection insurance, according to a report by MPs. Failures by the government and the City watchdog have encouraged the growth of the claims ...

When to get Mis-sold Payment Protection Liverpool - ‎May 23, 2016‎
PPI is an insurance policy that has introduced to protect people from making monthly payments on their loan or credit agreement owing to some accident, illness or mere unemployment.

An investigation into how much you'll save by opting for mortgage/rent protection over income protection insurance ... - ‎May 18, 2016‎
Cigna for example has just this week launched a new mortgage/rent protection product. Its Head of Product, Adam Rudland, says the company saw a need for a simple and affordable alternative to full income protection insurance. This was further ...

The Public Accounts Committee slams 'Unscrupulous' claim management firms who charged PPI victims (press release) - ‎May 17, 2016‎
Payment Protection Insurance (PPI) was mis-sold on an industrial scale to consumers who couldn't claim on these protection policies, or added to credit cards or loans without their knowledge.
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House bill cuts IRS funding

The Hill - ‎12 hours ago‎
The measure would shift funding for Consumer Financial Protection Bureau (CFPB) to the annual congressional appropriations process instead of receiving direct funding from the Federal Reserve, a move congressional Republicans have pushed for since the ...
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Scots more likely to be victims of cold calls than people in the rest of the UK

The Sunday Post - ‎May 22, 2016‎
One firm, Prodial Limited, was fined a record £350,000 by the ICO after making 46 million automated nuisance calls about payment protection insurance. More than 1000 people complained about the calls. However, before the fine was issued, the company ...
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Insurers get choosy about their customers And this could be a good news you

Daily News & Analysis - ‎May 23, 2016‎
Post five-year mandatory premium payment period, too many insurance policy holders fail to continue the cover, thereby not fully utilising the value of the product resulting in remorse.
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Birla Sun Life Insurance launches SecurePlus Plan

Business Standard - ‎19 hours ago‎
Pankaj Razdan, MD & CEO, Birla Sun Life Insurance said that this product helps customers multiply their money and earn 2x income on their premiums which can be used by the customer to meet several life goals. We hope that this offering will be able to ...