Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Which? welcomes Lloyds' PPI compensation figures

Which? has welcomed the fact that Lloyds has increased the amount of money it set aside for payment protection insurance (PPI) refunds.

Chief executive of the consumer advocacy group Peter Vicary-Smith said this indicates the PPI misselling problem is set to become the UK's "biggest consumer financial scandal of all time".

This will exceed other issues such as the endowment mortgage problem and the misselling of pensions to members of the public, he remarked.

"It's good that Lloyds are setting aside more money for PPI claims," the representative added.

The firm revealed in its biannual results that it is setting aside a further £700 million for PPI compensation claims, which resulted in the bank reporting a £439 million half-year loss.

Mr Vicary-Smith also said he is pleased to see that Lloyds intends to ring-fence its retail and investment arms before the deadline in 2019.

"Consumers need to be protected from the corrosive effects of the investment banking culture," he stated.

Charles Baker
Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801416242-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