Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Lloyds staff to lose bonuses over PPI claims

Staff at Lloyds Banking Group are being forced to give back previous bonus payments, as the row over payment protection insurance (PPI) mis-selling rumbles on.

The institution - which has been the subject of a financial bailout - is the first bank to take such drastic measures and it is thought that up to £2 million will be clawed back.

It had come under increasing pressure from the Financial Services Authority and other groups to not only restrict 2012 bonus payments, but also to demand money back from bankers who were directly involved in the PPI scandal, which has cost the firm millions of pounds.

Just a few weeks after Royal Bank of Scotland chief Stephen Hester rejected a near £1 million bonus, it appears that former leader of Lloyds Eric Daniels will have to pay back a six-figure sum that he received in 2010.

The PPI situation hit the bank hard and it has set aside a pot of £3.2 billion to cover successful claims for compensation. With this in mind, many campaign groups felt that bankers who were accountable for the losses were not worthy of financial perks.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801296576-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide