HSBC increase compensation pot to £750 million

HSBC have increase their compensation pot to £750 million for customers they mis-sold payment protection insurance to. The largest bank has been hit by a rise in claims during the first three months of the year.

The provision follows a similar move made by Barclays. Lloyds Banking Group and Royal Bank of Scotland, which have all seen an increase in PPI claims since the beginning of the year.

Barclay’s set aside additional £300million for PPI redress

Barclay’s have set aside a further £300million for PPI redress following an increase in claim volumes.

Barclay’s initially set aside £1billion in May 2011 to compensate those they had mis-sold payment protection insurance too.

Deadline Looming

The Department of Health have recently announced a cut off date for requesting reviews of eligibility for NHS funding. All cases involving periods of care between 1st April 2004 and 31st March 2012 must be registered with the relevant Primary Care Trust by no later than 30th September 2012. If your claim is registered by this date, the PCT will not be able to review the case.