July 27, 2010
Lloyds confirms it will cease selling PPI
Banking giant Lloyds has confirmed it will no longer sell the controversial payment protection insurance (PPI). Lloyds Banking Group, which is 41% owned by the taxpayer, is the first bank to drop PPI sales and the decision will apply to customers of all … Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to work, as a result of becoming unemployed or sick. …
Excerpt from:
Lloyds confirms it will cease selling PPI
Filed under MPPI, UK Mortgage Protection by on Jul 27th, 2010. 
Comments on Lloyds confirms it will cease selling PPI
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