Argos owner Home Retail Group has set aside £25m to pay compensation for mis-sold payment protection insurance (PPI).
It commissioned an independent investigation in response to the FCA’s industry-wide review and will start to pay compensation for the product, which was sold through its financial services arm to Argos and Homebase store card holders. The figure is about a quarter of its annual profits.
The retailer also revealed that it will be paid £11m by Allianz from a profit-share agreement relating to warranty products written until June 2010, which are now in run off.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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