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PPI Tops High-street Complaints List

5th September 2012

The majority of complaints received by high-street banks in the first half of this year have been regarding mis-sold PPI. Lloyds Banking Group, Royal Bank of Scotland, Barclays, HSBC and Santander have seen complaints about PPI soar, and in some cases double, while complaints in other areas fell.

Up to £10billion has now been set aside by banks to cover the cost of refunding mis-sold PPI policies; however recent figures reveal that only £5.4billion has been claimed back so far. This update suggests that there are still millions of people who are yet to dig out their statements and reclaim what is rightfully theirs.

Posted in PPI, Mis-sold PPI, Banks, UK, Complaints

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