Barclays makes extra £700m PPI provision

clock

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.

The bank said it has experienced "higher than previously anticipated levels of payment protection insurance claim volumes" since the end of the first half of 2012.

Barclays said it would continue to monitor actual claims volumes and the assumptions underlying its provisions.

More on Regulation

Shabana Mahmood predicted to succeed Rachel Reeves as chancellor

Shabana Mahmood predicted to succeed Rachel Reeves as chancellor

Andy Burnham to announce 20 July

Cristian Angeloni
clock 16 July 2026 • 1 min read
Regulators launch consultation for UK captive insurance

Regulators launch consultation for UK captive insurance

“This consultation marks the starter's gun”

Cameron Roberts
clock 15 July 2026 • 2 min read
UK Government launches action plan to support unpaid carers

UK Government launches action plan to support unpaid carers

Helping unpaid carers remain in work or education

Jaskeet Briah
clock 14 July 2026 • 5 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read