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Insurance News

Listing 410 articles over 41 pages

Lloyds Bank Insurance Scheme Fails FSA Stress Test

Lloyds bank has been dealt a bitter blow today with news that the company's proposal to sidestep the UK government's toxic debt insurance scheme has been rejected by the Financial Services...

Lloyds Bank In Talks To Scale Back Asset Protection Plan Participation

After yesterday's revelation that Lloyds bank failed a Financial Services Authority (FSA) stress-test, regarding its plans to withdraw from the UK government's asset protection scheme, directors...

Lloyds Bank Looking To Pull Out Of Government Asset Protection Scheme

Lloyds bank is today in talks with Treasury ministers and FSA regulators as the company looks to withdraw or reduce its proposed exposure to the government asset protection scheme. This is the...

Aviva Policyholders Set For £500 Million Payout

In February last year Aviva, the UK insurance giant, offered to pay out £1 billion to policyholders who agreed to give up their future rights to a share of the company's orphan fund. The fund...

Aviva Setback As Further Legal Challenges Materialise

Insurance giant Aviva has received a setback in its three-year battle to pay out orphan funds to shareholders, policyholders and the company itself. The original £1 billion offer from a...

What Is Happening With The Asset Protection Scheme?

Each day brings new rumours regarding Royal Bank of Scotland and Lloyds bank and the company's involvement in the UK government's asset protection scheme. First we hear that both companies are very...

FSA Orders Banks To Review PPI Complaints

While payment protection insurance (PPI) will soon be a thing of the past, the Financial Services Authority (FSA) has today ordered UK banks to reopen complaints which were rejected in the past....

UK Judge Announces Devastating Ruling For PPI

While many banks and financial institutions had hoped to have seen the end of the Payment Protection Insurance (PPI) saga, a court ruling in South Shields yesterday has cast the industry into total...

Homeowners In Line For £60 Million PPI Mortgage Insurance Refund

The Financial Services Authority (FSA) has today announced a new initiative which will see mortgage companies pay back up to £60 million to consumers who are being impacted by changes in...

Lloyds Bank In Dispute With The Treasury

As we approach D-Day for the Lloyds bank rights issue, it would appear that the company is currently in dispute with the Treasury over the its participation in the government's asset protection...

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