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Payment Protection Insurance has been all over the news lately, as thousands of people have finally realised they may be liable to claim refunds after being mis-sold the cover. Official figures from the Financial Ombudsman Service show that over a … Continue reading
Payment Protection Insurance is a form of income protection insurance and is commonly referred to as PPI, credit protection insurance, or loan repayment insurance. The policy is an insurance product that is designed to cover the repayments of outstanding debt. … Continue reading
Due to widespread media coverage in recent years, public awareness surrounding Payment Protection Insurance and its mis-selling has grown significantly. Some consumers may find they are paying PPI premiums monthly yet are unsure of what the insurance exactly covers. In … Continue reading
Stephen Hester has said that his battle to turn around RBS would involve even more cost, according to The Guardian (http://www.guardian.co.uk/business/2012/feb/08/rbs-cleanup-hester-38-billion ). Stephen Hester said his battle to turn around RBS had so far cost around £38bn in clean-up charges – … Continue reading
The Financial Services Authority’s (FSA) guidelines on Payment Protection Insurance (PPI) redress will be difficult for firms to meet, an industry expert has claimed. Firms involved in the mis-selling of PPI will need to upgrade their systems and processes in order … Continue reading