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January 2016: PPI Tows

PDF Document, 201kbCategory: PPI Tow Lists

Lloyds Banking Group has reported a 7% fall in annual pre-tax profits to 1.6bn compared with 1.8bn a year earlier.

Claims management firms have taken almost a quarter of the 22.2bn paid out for payment protection insurance (PPI) compensation.

The Financial Conduct Authority (FCA) is considering a deadline for claims over mis-sold payment protection insurance (PPI).

Lloyds Banking Group's claims bill for PPI tops 13bn as it sets aside a further 1.4bn to compensate customers.

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