Life & Protection Insurance

Lloyds bank has been fined £100 million for not handling PPI mis-selling complaints correctly

Lloyds Bank, which was the biggest seller of PPI (payment protection insurance), has been fined £100 million by the regulator, for turning down complaints about PPI mis-selling that it should have accepted

Barclays bank has said it will pay all PPI claims submitted before April 20th this year. What does this mean?

After months of the banks collectively digging in their heels about payment protection insurance claims (and going to the High Court, no less), Barclays bank says it will settle all claims from people who think they were mis-sold payment protection insurance and who made a claim before April 20th (the date that the banks lost their case over how they should compensate people)