Insurance

A record £730.5 million was paid out to victims of payment protection insurance (PPI) mis-selling by lenders in May, the Financial Services Authority (FSA) announced today.

The City regulator has admitted mistakes over payment protection insurance (PPI) mis-selling by failing to spot just how profitable the product was for banks.

Lloyds Banking Group (LBG) has performed a massive U-turn and will now reinstate pet insurance for thousands of customers, after originally axing cover.

Lenders paid out £570.5 million compensation in April to victims of payment protection insurance (PPI) mis-selling, the Financial Services Authority (FSA) announced today.

Many leading banks, insurers and energy companies are making existing customers pay to phone them while offering free numbers to new customers, consumer group Which? has found.

The motor insurance market is today facing an investigation by the Competition Commission after a report found the market was "dysfunctional" and may be pushing up premiums by £225 million a year.

Unemployed people are sometimes charged over five times more for their insurance than those in work, a MoneySavingExpert.com investigation reveals.

Complaints over mis-sold payment protection insurance (PPI) once again dominate claims to the independent arbitrator, the Financial Ombudsman Service.

The claims management industry has attacked MoneySavingExpert.com and consumer group Which? for our work to show consumers how easy it is to reclaim mis-sold payment protection insurance (PPI) for free.

Lloyds Banking Group (LBG) has caved in to huge public and media pressure by announcing it will offer new policies to its pet insurance customers whose animals have a medical condition, after the bank originally axed cover.