Taxpayer-backed Lloyds Banking Group has become the latest bank to announce a hit to its financial performance due to compensation payouts for mis-sold payment protection insurance (PPI).
Barclays reported a 33% drop in half-year profits to £2.6 billion after it took a £1 billion hit to cover compensation for customers who were mis-sold payment protection insurance.
The country's pensions system is in "urgent need" of improvement if millions of workers in private firms are to save enough for retirement, according to a new report released today.
An influential group of MPs has slammed poor service at HM Revenue and Customs (HMRC), highlighting long delays for taxpayers looking for help and errors by the government department.
The UK arm of Santander said today it had set aside more than half a billion pounds to cover the costs of mis-selling payment protection insurance (PPI) to its customers.