British banks ring-fence more than £5 billion for PPI compensation payouts

British banks including Lloyds TSB, HSBC, Barclays and Royal Bank of Scotland are ring-fencing more than £5 billion in expectation of customer compensation claims against mis-sold payment protection insurance (PPI) policies.

The banks’ decision to set the money aside has come after a judicial review by the British Bankers’ Association, the Financial Services Authority and the Financial Ombudsman Service regarding the FSA’s proposed rules for handling bank complaints. The BBA challenged the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: