Company set aside £850m in 2011
Royal Bank of Scotland is expected to announce a £125m increase to its fund for compensating customers who were mis-sold payment protection insurance (PPI).
Citing sources familiar with the matter, Reuters said the bank would reveal the increase in its first-quarter results, due out tomorrow.
The additional £125 comes on top of the £850m the bank set aside in 2011 to cover the cost of compensating policyholders who believed they had been mis-sold PPI.
Lloyds Banking Group revealed with its first quarter results on Tuesday that it had added a further £375m to its PPI compensation fund.
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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