Bank warns that PPI writedowns may continue

Lloyds

Lloyd’s bank revealed yesterday it had taken a £375m hit to pay for compensation payouts for mis-sold payment protection insurance (PPI).

The state-owned bank has now set aside nearly £3.8bn for PPI compensation. Three months profits were £288m, down on last year’s £316m.

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.
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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