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Lloyds Whistlebower


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Hi,

On here I have seen a post from a former lloyds empolyee stating that they were on a points system to push to sell PPi and there bosses turned a blind eye because it meant huge bonuses,

Can anyone point me in this direction of were this was,

 

Brian

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Whistleblower to present new HBOS evidence - Business News, Business - The Independent

 

"Mr Moore, who warned the HBOS board about these risks at the time, added that he also questioned the sale of creditor insurance sales, sold with personal loans and mortgages, also known as payment protection insurance (PPI), because of the big potential for mis-selling. Creditor insurance made up about 10 per cent of HBOS group profits.

But Mr Moore said HBOS staff were driven to encourage customers to take out larger loans than they needed, or wanted, because the creditor premium is larger as well. Many customers who bought PPI were never able to claim as they were in an excluded class."

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FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

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when you post for the first time on a thread you get automatic updates when someone posts - I wanted to see if anyone had the answer to your question

If you can keep you head when all of those around you are losing theirs try parking your helicopter somewhere else

 

 

The PPI Saga

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