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citizenB

Divorced women - robbed of PPI pay outs to be compensated by RBS and Nat West

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Another one that slipped past me..

 

Did you take out a joint loan with a partner - then later you divorced? Was there PPI on that loan and did your partner claim and get all of the money back.. with you being non the wiser?

 

http://www.thisismoney.co.uk/money/saving/article-3871798/Thousands-divorced-women-deprived-PPI-payouts-NatWest-Royal-Bank-Scotland-receive-compensation.html

 

 

Thousands of divorced women robbed of PPI pay-outs to receive compensation from NatWest and Royal Bank of Scotland

 

Thousands of divorced women deprived of PPI pay-outs by NatWest and Royal Bank of Scotland will receive compensation, Money Mail can reveal.

 

State-backed RBS-NatWest failed to pay separated and divorced women their legal share of pay-outs for mis-sold payment protection insurance (PPI).

 

In an email, the bank, which is 73 per cent owned by the taxpayer, admits it was in the wrong and has changed its policy.

 

However, it has emerged that where a couple had a joint loan and then split, RBS-NatWest gave compensation to just one partner, typically the first named on the policy, often the husband.

 

The bank will issue pay-outs to those affected. Many will be single parents and working mothers who may be due thousands of pounds.

 

 

 

Other banks apparently complied with rules and shared the pay-out between separated partners.


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