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. The first case settled under controversial new compensation rules for serious injuries has seen an NHS trust forced to nearly triple its payout to a 10-year-old girl left with cerebral palsy from £3. ... [Read full article on Guardian ]
Monday 20th of March 2017 07:18:43 PM
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....So-called e-petitions that attract more than 100,000 signatures have to be considered for a debate in Parliament. It comes on the day that car insurance premiums are expected to start rising, as a result of a government decision to change the injury compensation rules. ... [Read full article on BBC ]
Monday 20th of March 2017 12:01:54 PM
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.... . This included reducing opportunities for bad behaviour and requiring compensation rules "that align better risk and reward". ... [Read full article on BBC ]
Tuesday 21st of March 2017 11:22:41 AM
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....”. The action is seeking compensation from VW for selling cars that the lawyers argue were not road worthy because the emissions were far higher than they purported to be. ... [Read full article on Guardian ]
Monday 20th of March 2017 10:27:25 AM
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....Much of the increase in Conn’s remuneration package is a £1. 4m “recruitment award”, compensation for rewards he forfeited when he joined Centrica in January 2015 after a 29-year career at BP. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:35:51 PM
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....“She was formally warned in the strongest, and most public, of terms. There were consequences for her compensation. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:05:03 PM
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....Sarah Jackson, chief executive of Working Families, said men should have paternity rights from their first day on the job, saying currently they faced “huge inequality … right from the start”. Most flexible working cases never make it to an employment tribunal, she added, because the compensation was set at a maximum of eight weeks’ pay – a figure that was not worth most employees losing their job for. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:23:33 PM
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Latest Finance News related to Compensation

Call to give fathers allocated leave to improve uptake image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:33 PM
....Sarah Jackson, chief executive of Working Families, said men should have paternity rights from their first day on the job, saying currently they faced “huge inequality … right from the start”. Most flexible working cases never make it to an employment tribunal, she added, because the compensation was set at a maximum of eight weeks’ pay – a figure that was not worth most employees losing their job for. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....Much of the increase in Conn’s remuneration package is a £1. 4m “recruitment award”, compensation for rewards he forfeited when he joined Centrica in January 2015 after a 29-year career at BP. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....“She was formally warned in the strongest, and most public, of terms. There were consequences for her compensation. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
.... . This included reducing opportunities for bad behaviour and requiring compensation rules "that align better risk and reward". ...
NHS trust triples injury payout to £9.3m under controversial new rules image
. The first case settled under controversial new compensation rules for serious injuries has seen an NHS trust forced to nearly triple its payout to a 10-year-old girl left with cerebral palsy from £3. ...
Car insurance prices set to jump by up to £1,000 from TODAY image
Source : Daily Express [Read Article] Monday 20th of March 2017 03:02:00 PM
....Insurers have confirmed that premiums are going up following the Lord Chancellor Elizabeth Truss’ decision to change rates, which was previously labelled as "crazy" and "reckless" by the trade group the Association of British Insurers (ABI). The change could also mean an additional £1billon in compensation costs landed on the NHS, said the ABI. ...
MPs debate £1,200 cap on insurance costs for young drivers image
Source : BBC [Read Article] Monday 20th of March 2017 12:01:54 PM
....So-called e-petitions that attract more than 100,000 signatures have to be considered for a debate in Parliament. It comes on the day that car insurance premiums are expected to start rising, as a result of a government decision to change the injury compensation rules. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
....”. The action is seeking compensation from VW for selling cars that the lawyers argue were not road worthy because the emissions were far higher than they purported to be. ...
Our Rics survey missed major problems – can we get our money back? image
Source : Guardian [Read Article] Thursday 16th of March 2017 07:00:02 AM
.... However, Rics can – and does – require its members to have a complaints-handling procedure in place, which gives details of what it calls an “alternative dispute resolution” (ADR) provider – such as an ombudsman service. Unlike Rics, the ADR provider can order Rics members to pay compensation and/or take steps to correct mistakes. ...
Sports Direct calls executive pay report 'fake news' image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:59:54 AM
.... . Since then, the company has promised an independent inquiry and to undertake significant reforms, including offering compensation to workers who had been underpaid. ...
First class could be axed in next Southeastern rail franchise image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:50:33 PM
....“Passengers on a new Southeastern franchise from 2018 will enjoy modern trains with more space and a more punctual and reliable service. “This consultation sets out what we expect the next operator to deliver for passengers, including working more closely with Network Rail to ensure a focus on performance, and innovative use of technology to improve both ticket-buying and compensation if things do go wrong. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
.... . Since then, the company has agreed to pay substantial compensation to people in the US who bought cars equipped with illegal software, capable of disguising their true emissions levels. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
....The company’s shares came under more pressure last month when Bovis confirmed it was paying £7m to repair poorly built new homes. The company apologised and said it would pay compensation after angry customers formed a Facebook group accusing the group of pressuring them to move in to incomplete houses so it could hit sales targets. ...
Bang went Christmas as Domestic & General left us without a cooker image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....D&G tells us: “We are committed to providing great service for our customers and we have apologised to AB for his recent experiences. We’re pleased to say AB now has a replacement cooker and compensation for the delay. ...
VW pleads guilty to US emissions charges image
Source : BBC [Read Article] Friday 10th of March 2017 04:02:31 PM
....Since the emissions scandal broke in September 2015, the car maker has agreed to pay about $25bn to address claims from owners, regulators, states and dealers in the US. VW has come under pressure to pay compensation in other markets too, including the UK. ...
Jack Monroe wins Katie Hopkins libel tweet case image
Source : BBC [Read Article] Friday 10th of March 2017 03:35:05 PM
.... . He ruled that the tweets had caused "Ms Monroe real and substantial distress" and she was entitled to "fair and reasonable compensation". ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
....The FCA also said that some customers may have new grounds to complain. Since the PPI scandal broke, Lloyds has set aside total compensation of £17bn. ...
Does BT's Openreach deal mean faster broadband or higher prices? image
Source : Guardian [Read Article] Friday 10th of March 2017 01:21:25 PM
.... Vodafone, Sky and TalkTalk, all of whom use the network to deliver services, have given approving nods to the deal. But consumer groups say there need to be tougher penalties for when Openreach gets it wrong, better quality of service requirements, and automatic compensation when providers fail to deliver. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....5bn in 2016, due to the cost of its record-breaking purchase of BG Group, and a lacklustre performance from its oil and gas trading arm. A Shell spokesperson said: "Shell's executive compensation reflects delivery of our strategy, measured by both short-term and long-term targets. ...
'This is grossly unfair': self-employed readers react to NICs increase image
Source : Guardian [Read Article] Thursday 9th of March 2017 02:21:03 PM
....I’ll pay more NI overall – probably about £30 to £35 per year I think. It’s said it’s to level the playing field with those in employment but I already lack sick pay, holiday pay, and employer pension contributions and my work can get cancelled at any point with no compensation. ...
Morrisons leads FTSE 100 lower image
Source : BBC [Read Article] Thursday 9th of March 2017 09:21:19 AM
....Shares in Aviva were having a better day, rising nearly 6% after the insurer reported a 12% rise in operating profits in 2016. However, the company said post-tax profits dropped 22% to £859m after it took a £380m charge to cover recent changes to the way that compensation is calculated for accident victims. ...
Should we hand all our house money to our conveyancer? image
Source : Guardian [Read Article] Thursday 9th of March 2017 07:00:29 AM
.... In addition, licensed conveyancers – again like solicitors – are required to have professional indemnity in place to protect against possible losses. They are also required to pay into a compensation fund which would pay out, for example, if the conveyancer ran off with your cash or was negligent or dishonest in some other way. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....”. The government was also criticised by the Association of British Insurers for a self-inflicted near-£6bn hit to its finances as a result of the increased bill faced by the NHS and other parts of the public sector due to changes to the way compensation awards for botched operations and other errors are calculated. ...
Government finances face near-£6bn hit over changes to personal injury payouts image
. The government’s finances will take a near-£6bn hit as a result of the increased bill faced by the NHS and other parts of the public sector as a result of changes made to the way compensation awards for botched operations and other errors are calculated. ...
FTSE 100 dragged lower as Paddy Power Betfair shares fall image
Source : BBC [Read Article] Tuesday 7th of March 2017 09:33:52 AM
....Shares in Direct Line fell 2. 9% after the insurer reported a fall in full-year profits due to changes in the way that compensation payments are to be calculated. ...
Direct Line says insurance payout change has cost it £217m image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:13:16 AM
....Insurance company Direct Line has said last week's changes to the way accident victims are compensated has dented pre-tax profits by £217m. The Ministry of Justice announced a new formula for calculating compensation payments for those who suffer long-term injuries, which means insurers will have to increase payouts. ...
High heels row: MPs 'shocked' by women's dress code stories image
Source : BBC [Read Article] Monday 6th of March 2017 02:21:10 PM
.... . "Quite literally adding insult to injury, she was denied any compensation or sick pay as she wasn't on the payroll for long enough," she added. ...
Inside the TalkTalk 'Indian scam call centre' image
Source : BBC [Read Article] Monday 6th of March 2017 11:47:00 AM
....Through this, the whistleblowers say, the victim is tricked into installing a virus that gives the scammer complete control over their machine. The victims are then offered a compensation payment, for which they must log in to online banking, they add. ...
Young drivers to bear the brunt as car insurance costs continue to rise image
.... Another is the arrival of the first insurance bill, which shows that driving is an expensive business – and one that is about to get even more so. Changes announced by the government in how compensation payments are calculated are expected to affect motor insurance premiums across the board in the coming weeks – but drivers under the age of 25 are expected to be hit by disproportionately large rises. ...
Scheme to combat rogue lettings agents under attack image
Source : BBC [Read Article] Monday 6th of March 2017 12:19:27 AM
....Carter Stones used to be a member of the PRS. Last year the PRS upheld four complaints against Carter Stones but the company failed to pay compensation of £15,406. ...
BA’s answer to passengers stranded in a corridor for seven hours? Ignore them image
.... “We can see from our own flight data that at both London and Barcelona the weather was absolutely typical for this time of year and would not meet the test of ‘freak’ or ‘wholly exceptional’,” explains Bott’s Kevin Clarke. “The airline’s response on both points does not stand up to scrutiny and we believe passengers may be entitled to compensation. ...
UK’s star fund manager aims to win over the older savers market image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:00:08 AM
. It says it will pay an initial 5% income, it is looked after by the most successful investment manager of his generation, it can be put into a tax-free Isa and comes under the financial services compensation scheme. ...
The Crusader: Customer challenges dealer over £11,000 SECOND-HAND motor’s breakdown image
....This is because Section 75 of the Consumer Credit Act 1974 makes the card provider jointly and severally liable for the breach of contract. “It does not matter how much you paid on the card – even if you pay a very small deposit, you can still look to the card provider for the full amount of compensation that you could claim from the retailer or supplier – it is not limited to what you have paid on the card as a deposit,” adds Lezemore. ...
The Guardian view of Snap IPO: a shareholding monarchy | Editorial image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:35:19 PM
.... Are investors so gullible that they believe the guff about new gods who see further than anyone else from Olympian-high pedestals – and are happy to get no dividends from their stock?. A greater democratisation of corporates needs the active participation of shareholders to restrain executive compensation and ensure effective scrutiny of directors. ...
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
....Britain’s financial watchdog has admitted that only one in five potential complaints about mis-sold payment protection insurance had been made so far, as it set a final deadline of August 2019 for filing claims. The cut-off of 29 August 2019 provoked an outcry from consumer groups, but will be welcome news for UK banks, which have set aside more than £40bn to cover compensation payments and other costs relating to Britain’s biggest mis-selling scandal . ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
More than half of new-build homes in England 'have major faults' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
. More than half of the buyers of new homes have experienced major problems with their properties, according to research, which comes after Bovis Homes agreed to pay £7m compensation to customers for poorly built houses. ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....The treasurer said the principle driver for growth was “a solid rebound in household consumption” which occurred “despite subdued wages growth”. “Of concern in these accounts is that compensation of employees in the quarter declined by 0. ...
Car insurance: Chancellor moves to ease insurers' fears image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:11:23 PM
. Chancellor Philip Hammond has said the government would "urgently" consult on future changes to compensation rates for victims of car accidents. ...
Brexit means taxpayers need to support supply chain, says Nissan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:56:52 PM
....Lawther denied the company had struck a financial deal with May’s government when it agreed last year to build new Qashqai and X-Trail models in Sunderland. He said that remarks made by the chief executive Carlos Ghosn last year demanding “compensation” for potential tax barriers post Brexit were misconstrued. ...
Southern rail chief: we aren’t doing anything wrong image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:04:25 PM
....Brown insisted “the issues were down to the strikes, to be blunt”. He said GTR had made significant progress which would benefit customers eventually: “We’ve introduced more trains than any other franchise in the UK, we’ve got the largest driver recruitment school in Europe, we’ve opened two of the biggest depots in the UK, and we’re the first train operator to introduce delay repay [compensation for passengers] at 15 minutes. ...
PPI still dominates financial ombudsman's in-tray image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:14:54 AM
...." . A deadline of June 2019 could be set by the Financial Conduct Authority (FCA) for disgruntled customers to make compensation claims to their banks and credit card issuers about mis-sold PPI policies. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
....A more sensible approach would start by obliging insurers to underwrite long-term investment risk. Since they do so already in some cases – via a system called periodic payment orders – a compromise ought to be possible that still allows claimants to receive full and fair compensation. ...
The 'crazy' new car insurance rules set to cost YOU £1,000 in changes  image
Source : Daily Express [Read Article] Monday 27th of February 2017 02:08:00 PM
....Motorists under 22 could see insurance surge by up to £1,000 and those over 65 could pay up to £300 more as a direct result of the change, according to accountancy firm PwC. The ABI claimed it could also mean a £1billon bill for compensation costs landed on the NHS. ...
Insurers shocked by reform to compensation payouts image
Source : BBC [Read Article] Monday 27th of February 2017 12:39:36 PM
....The reaction of the insurance industry has been overwhelmingly negative, with insurers' share prices dropping in the aftermath of a flurry of emergency stock exchange announcements. The change in the compensation formula will come into effect from 20 March this year. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
....A “reckless” government-ordered change to the way awards are calculated for car crash injuries or botched medical operations will add up to £75 car insurance premiums, and land the NHS with an additional annual £1bn bill, the insurance industry has warned. The lord chancellor, Liz Truss, has announced a change to the Ogden discount rate, which is used to calculate compensation awards for serious personal injuries, to ensure inflation does not erode the future value of a payout. ...
Insurance premiums 'set to soar' after compensation changes image
Source : BBC [Read Article] Monday 27th of February 2017 09:21:10 AM
.... . A new formula for calculating compensation payments for those who suffer long-term injuries has been announced by the Ministry of Justice. ...
Were YOU mis-sold your pension? Prudential and Standard Life review annuity sales image
Source : Daily Express [Read Article] Saturday 25th of February 2017 01:13:00 PM
. Standard Life announced it has put aside £175million for compensation and is working with the financial regulator to provide redress. ...
VW cracks down on executive pay after diesel scandal image
Source : BBC [Read Article] Friday 24th of February 2017 08:46:49 PM
....Some 600,000 vehicles in the US were affected and last month the firm agreed to plead guilty to criminal charges. But no compensation has been offered to the millions of UK or European drivers affected - much to the anger of politicians and regulators there. ...
Pensioners sold wrong annuities to get thousands in redress image
Source : BBC [Read Article] Friday 24th of February 2017 04:02:11 PM
. Tens of thousands of pensioners who were sold the wrong type of annuity with two of the UK's biggest insurance companies are to receive compensation. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
.... McEwan was critical of former directors attempting to join the proceedings. Among other items weighing on the bank are compensation for the sale of interest-rate hedging products to small businesses, investigations related to terrorist financing in the US and providing redress to small businesses badly treated by its now-defunct global restructuring group, GRG. ...
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
.... Yet for all the outward gleam, something is wrong. This week the Guardian reported that Bovis is set to award people who live in some of its newbuild homes a total of £7m in compensation, in response to claims that houses have faulty plumbing or wiring, missing insulation, and other serious defects. ...
Self-driving cars must be covered by insurance, says UK bill image
Source : BBC [Read Article] Wednesday 22nd of February 2017 04:26:42 PM
....The measures are outlined in the Vehicle Technology and Aviation Bill. Ministers says they want to ensure it is easy for accident victims to claim compensation if a collision occurs when the cars are in automatic mode. ...
UK economy grows faster than thought image
Source : BBC [Read Article] Wednesday 22nd of February 2017 11:45:29 AM
.... "UK GDP breakdown shows real household spend up 0. 7%, even though employees' compensation grew by just 0. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
....Profits, which were just £1. 6bn a year ago, have been weighed down in recent years by the £50bn cost of bad lending at HBOS – the bank Lloyds took over during the 2008 financial crisis – and £17bn of charges to cover PPI compensation. ...
Volkswagen boss says firm in Europe 'misled nobody' over emissions image
Source : Guardian [Read Article] Tuesday 21st of February 2017 01:09:54 AM
....MPs have reacted with incredulity after the boss of Volkswagen told them the company in Europe had done nothing wrong and “misled nobody”, despite having agreed a multibillion-dollar settlement in the US over the emissions-rigging scandal. Paul Willis, giving evidence to the transport select committee on Monday, insisted there was “no legal basis” for compensation claims because there was “no degradation” to the vehicles. ...
Bovis to pay £7m to compensate customers for poorly built homes image
Source : Guardian [Read Article] Monday 20th of February 2017 09:05:32 AM
....Bovis Homes is to pay £7m to repair poorly built new homes sold to customers, raising fresh questions about the standards of new-build properties across the country and the regulation of the market. The company – one of the biggest housebuilders builders in Britain – will pay compensation after angry customers formed a Facebook group accusing Bovis of pressuring them to move in to incomplete houses so it could hit sales targets. ...
TalkTalk scam victims say it’s time for answers image
Source : Guardian [Read Article] Saturday 18th of February 2017 06:59:33 AM
.... He was told there was a problem on his computer and that a staff member would resolve it. He gave remote access to his computer, and after the work was completed was told he was entitled to a £200 “compensation” payment, and was invited to click on his bank logo that appeared on his computer. ...
Why 30-somethings are fleeing London, plus the growth of rabbit-hutch Britain image
Source : Guardian [Read Article] Thursday 16th of February 2017 02:17:55 PM
....Britons spend more on food and leisure, less on booze, smoking and drugs. New home owners gagged over poor build and compensation claims. ...
New home owners gagged over poor build and compensation claims image
Source : Guardian [Read Article] Thursday 16th of February 2017 07:00:34 AM
. New home owners are being forced to sign gagging orders after making successful claims for compensation about the quality of their new homes. ...
Camelot Furniture's rescue mission bring comfort to some UK Mobility Direct customers  image
....Some had settled up front, while others had made a 50 per cent down payment, with sums ranging from £2,000 to £6,000 and more. All of them were at a loss what to do next after suffering such a big hit: should they go to court and risk a long expensive fight for compensation, or write off the money and see if they could buy something else?. ...
GWR’s compensation scheme is all delay and no repay image
Source : Guardian [Read Article] Monday 13th of February 2017 07:00:07 AM
. I travelled from Paddington to Plymouth in October by train which suffered a two-hour delay due, in part, to circumstances beyond GWR’s control (a fatality on the line) but still worthy of compensation according to the terms and conditions on its website. ...
E.ON Heat no help after we moved into a new apartment without heating or hot water image
....“Our service fell below the standard that we expect and we’re working hard to improve our processes to help ensure that this does not occur again in the future. We have spoken with RF directly to apologise for this error and have offered him a compensation payment for the inconvenience. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
....6p average price paid for them, means Hammond can now sell off the remaining stake at prices below break-even. “If you turn the clock back two years, there was a period when the market thought that Lloyds did not have any more PPI [payment protection insurance compensation to make provision for] and that it [the bank] was going to grow. ...
Twitter: not even Donald Trump can help it make a profit | Charles Arthur image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:19:50 PM
....But Twitter doesn’t seem to have a knack for making money from what it does, even though millions wait breathlessly to see what will pop up on it next. Its earnings before interest, tax, depreciation and amortisation figures show a profit – $215m, up from $191m a year before – but that excludes stock compensation, restructuring and various other expenses. ...
Lloyds must compensate the victims of the £245m HBOS scam – fast | Nils Pratley image
....Lloyds Banking Group has done what it should have done last week. It has said it will appoint an independent outsider to consider compensation payments to those small businesses who were victims of the fraudulent activities of Lynden Scourfield, the disgraced former head of HBOS’s impaired loans operation in Reading. ...
New blow to 21 MILLION savers: National Savings axes Premium Bond prizes and rates image
.... The product was announced in the Autumn Statement as a move to help suffering savers. Danny Cox, chartered financial planner at Hargreaves Lansdown, said: "This comes as little surprise but this cut in interest rates is another devastating blow for millions of savers and the new launch of Investment Guaranteed Growth Bonds will be of little compensation. ...
Lloyds apologises for 'distress' caused by £245m HBOS loan scam image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:45:49 PM
. Lloyds Banking Group has apologised for the impact of the £245m loan scam at HBOS and pledged to examine whether any of the small businesses affected should receive compensation. ...
Directors of new homes warranty firm criticised for lack of independence image
Source : Guardian [Read Article] Monday 6th of February 2017 04:28:53 PM
.... The warranty is a form of insurance that is supposed to compensate consumer or fix any faults in the new property if there are problems within the first 10 years. However, there are an increasing number of complaints about problems with new homes and the lack of protection and compensation for consumers from NHBC’s warranties. ...
Housing association agrees to buy back homes on 'substandard' development image
....The spokesperson said Clarion took local concerns about gas and hydrogen sulphide “extremely seriously”, and that the organisation had “instructed ‘ground investigation specialists’ to undertake rigorous scientific tests”. Some residents had been offered “initial compensation” payments by Clarion, which differed according to whether they owned or rented their homes. ...
New homes warranty firm pays millions to leading homebuilders image
Source : Guardian [Read Article] Sunday 5th of February 2017 05:26:47 PM
....The questions about the credibility of NHBC, which claims to have an 80% share of the warranties market, will also be a headache for the government, which is poised to launch its housing white paper this week. There have been an increasing number of complaints about problems with new homes and the lack of protection and compensation for consumers from NHBC’s warranties. ...
Energy customers locked into a costly scheme who have no right to switch image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
....on often tries to duck the £30 payout due under its terms and conditions for outages of 24 hours or more. A neighbour secured the compensation, due to all the residents after one such breakdown, but only after initiating legal proceedings. ...
Voting for Brexit hasn’t saved us from secretive trade deals image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
.... While running Exxon, Tillerson launched investment disputes against a number of countries with which the US has treaties, including Venezuela and Argentina. Reports in the Canadian press show he brought a case against the country under Nafta that secured $17m in compensation for having to pay into a provincial research and development fund where Exxon drills for offshore oil. ...
Car insurance premiums at highest level ever, say insurers image
Source : Guardian [Read Article] Friday 3rd of February 2017 12:01:44 AM
....3% higher than it was the year before. The new figures come amid concern that the Ministry of Justice could be about to pile more pressure on motor premiums through a cut in the discount rate – a mechanism used by the courts to adjust large compensation payments. ...
HBOS manager and other City financiers jailed over £245m loans scam image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:55:21 PM
.... His wife invited Dobson and the Scourfields to go on trips to Ascot, while Mills, Bancroft, Scourfield and their wives holidayed together in Barbados to celebrate her 40th birthday. Many of the victims said they were going to continue to press Lloyds Banking Group, which took over HBOS during the 2008 banking crisis, for compensation, claiming that the bank knew about the wrongdoing earlier and failed to investigate properly. ...
Leading investor signals it may oppose City bosses' pay rises image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:02:54 PM
....”. Standard Life had voted against the £70m pay deal for Sir Martin Sorrell, chief executive of advertising group WPP, and “escalated our action by voting against the members of the compensation committee”, the fund manager said in its report. ...

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