Fair Trade Practice
@FairTradePract
One of the UK’s leading claims management companies, we have helped hundreds of thousands claim back money which was rightly theirs.
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The deadline for PPI claims may have passed, but we're still busy serving customers old & new. Existing #PPI customers can use Update+ for 24/7 claim updates: portal.thefairtradepractice.co.uk/user If you're looking to start a new #PBA claim with us find out more at: thefairtradepractice.co.uk/packaged-bank-…
Due to planned maintenance there maybe disruption to access Update+ this evening from 5pm. It will be temporary so if you are unable to gain access please try again later or call us and leave a message and we will get back to you. Thank you for your patience.
In line with Government instruction, our office is currently closed. Please keep an eye out for communications from us or on our Facebook page and website thefairtradepractice.co.uk for regular updates. We thank you for your understanding and patience at this time.
You will receive monthly claim status update emails that will give you an overview of your claims current situation. You can also check the status of your claims at any time via Update+ at portal.thefairtradepractice.co.uk
Please note that our offices will be closed tomorrow for all departments. If you need to speak to us please call today, leave a message and the team will get back to you on Monday when normal hours will resume. Wishing all our customers a lovely weekend.
Latest figures from the FCA show almost £400m was paid to consumers who were mis-sold PPI during August. That takes the total paid out in 2019 so far up to £2.8bn, and the overall figure for the scandal rises to £36.8bn. #PPI #Banking #Finance #News
Virgin Money, formerly CYBG, were the last lender due to confirm any further PPI provisions as a result of the claims deadline rush. And indeed there were more provisions, to the tune of £385m. That pushes the industry total above £53.5bn... news.sky.com/story/virgin-m… #Banking #PPI
The current funding system for victims of bank transfer scams is set to run out in January. As yet the industry has not come to an agreement on how to renew the funding, putting future refunds in doubt: which.co.uk/news/2019/11/r… #Banking #Finance #News
A reminder that the PPI saga was expected to cost the industry £5bn (bit.ly/PPI5Bn) but the total today stands at £53.5bn following recent additions from Santander, HSBC and Lloyds - where senior officials have refused to rule out even more. Image from @NewCityAgenda
He called them ‘an expensive pile of pants’ back in 2010 & ‘the marmite of banking’ which leave ‘a bad taste in the mouth’ in 2015. Find out what #finance product Martin Lewis was talking about in our latest #blog looking at his influence: thefairtradepractice.co.uk/blog/martin-le…
“The current level & frequency of disruption and consumer harm is unacceptable.” That’s the verdict of the Treasury committee in reaction to a 187% increase in the amount of IT failures reported from UK retail banks last year. theguardian.com/business/2019/… #Banking #Finance #News
As the third quarter results season rounds off, a reminder that earlier this week Santander took another £88m charge to their PPI provisions. Though less than their competitors, the addition takes Santander's overall PPI costs up to £1.6bn. uk.reuters.com/article/us-san… #PPI #News
Bad news for #Lloyds as they confirm £1.8bn has been added to their PPI provisions - the worst case scenario from predictions made earlier this year. Their total bill is now £22bn, almost double the amount of the next worst offender Barclays. theguardian.com/business/2019/… #PPI #News
More new #PPI provisions announced, this time over at HSBC. A further £300m is being set aside, taking the bank's total bill for the saga up to £3.8bn according to @NewCityAgenda. news.sky.com/story/hsbc-ste… #PPI #Banking #Finance #News
#Barclays confirm further £1.4bn added to their #PPI provisions, somewhere in between the predictions they made just after the deadline. Their total cost for the scandal now tops £11bn, as the #banking industry reflects on a saga that has cost over £50bn: news.sky.com/story/barclays…
RBS have confirmed another £900m will be added to their PPI costs, and the bank have not ruled out further increases. The news means the bank, still majority-owned by the taxpayer, now has total PPI provisions of £6.2bn: theguardian.com/business/2019/… #PPI #RBS #Banking #News
theguardian.com
RBS posts quarterly loss after extra £900m put aside for PPI claims
Bank slid to an operating loss of £8m for the three months to September
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