HM Revenue and Customs (HMRC) has confirmed that no tax is levied on the compensation sum victims receive, but it is on any additional interest paid. Chas Roy-Chowdhury, of the ACCA, called on the ...

The City regulator is to review whether current arrangements for compensating people mis-sold payment protection insurance (PPI) are working. The Financial Conduct Authority (FCA) said today it was to ...

Millions of motorists who purchased vehicles with car finance could get big compensation payouts as a result of a newly launched review by the Financial Conduct Authority (FCA). The FCA banned ...

Banks have paid customers £38bn ($47bn) for historic mis-selling of payment protection insurance (PPI), Britain’s financial watchdog said on Friday. The Financial Conduct Authority (FCA) said that UK ...

LONDON, Feb 5 (Reuters) - Barclays PLC : * CEO says difficult to be definitive on final ppi bill * CEO says in talks about imposing time limit on ppi, has to be done in way that's good for customers * ...

The extent of the payment protection insurance mis-selling scandal continues to unfold as the number of complaints to financial companies soared to 2,232,294 between January and June this year up 129 ...