Insurers 'turning backs' on HBOS staff

The PPI specialist says this “blackballing” is typical of how the big banks and insurers have behaved in recent years and is partly to blame for PPI’s controversial reputation. Following the announced takeover of HBOS by Lloyds TSB, thousands of staff are at risk of redundancy, although Lloyds CEO Eric Daniels this week said no decision had yet been taken on job losses or branch closures. Burgesses says for staff worried about protecting their financial security, finding PPI insurance is becoming a real problem. “This approach is typical of how the big banks and insurers have behaved in ...