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18/01/2013
Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
Initially cautious the FSA has said it would “consider the idea” but it would only be agreed if the regulator was convinced it was in the interests of customers.
It is understood there will be no new policy without a public consultation.
The British Bankers Association (BBA) has offered to pay for an advertising campaign to alert people to their rights to complain.
So far the banks have set aside just over £13bn to pay compensation.
(H)
Initially cautious the FSA has said it would “consider the idea” but it would only be agreed if the regulator was convinced it was in the interests of customers.
It is understood there will be no new policy without a public consultation.
The British Bankers Association (BBA) has offered to pay for an advertising campaign to alert people to their rights to complain.
So far the banks have set aside just over £13bn to pay compensation.
(H)
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23 April 2012
Consumers Told To Make PPI Claims Directly
A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
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A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
19 January 2012
Direct Line & Churchill Fined £2M For 'Tampering'
High profile insurers, Direct Line and Churchill, have both been fined a total of £2.17 million after found to have been tampering with their complaints files. The Financial Services Authority (FSA) said it was imposing the fine for failure by the companies to conduct their businesses with "due skill, care and diligence".
Direct Line & Churchill Fined £2M For 'Tampering'
High profile insurers, Direct Line and Churchill, have both been fined a total of £2.17 million after found to have been tampering with their complaints files. The Financial Services Authority (FSA) said it was imposing the fine for failure by the companies to conduct their businesses with "due skill, care and diligence".
02 May 2012
Consumer Focus Research Shows CPA Confusion
New Consumer Focus research shows that banks' customer service advisers are unclear of the rules around Continuous Payment Authorities (CPA) and could be giving customers incorrect advice as a result.
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New Consumer Focus research shows that banks' customer service advisers are unclear of the rules around Continuous Payment Authorities (CPA) and could be giving customers incorrect advice as a result.
08 February 2011
Banks Levy Aims To Raise £800m In 'Fair Contribution'
Chancellor George Osborne hopes to raise an extra £800m for the Treasury by increasing the levy on banks' profits this year. He said the move will aim to raise £2.5bn in future years as "banks make a fair contribution to closing the deficit".
Banks Levy Aims To Raise £800m In 'Fair Contribution'
Chancellor George Osborne hopes to raise an extra £800m for the Treasury by increasing the levy on banks' profits this year. He said the move will aim to raise £2.5bn in future years as "banks make a fair contribution to closing the deficit".
05 December 2014
FSB Slams Premier Foods' Unfair 'Investment Payment'
The Federation of Small Businesses (FSB) has slammed Premier Foods' unfair payment practices. In a recent letter to suppliers, Premier Foods, the UK's largest food producer, requested a compulsory 'investment payment' to be made by any company wishing to stay on its approved supplier list.
FSB Slams Premier Foods' Unfair 'Investment Payment'
The Federation of Small Businesses (FSB) has slammed Premier Foods' unfair payment practices. In a recent letter to suppliers, Premier Foods, the UK's largest food producer, requested a compulsory 'investment payment' to be made by any company wishing to stay on its approved supplier list.
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