Search results for 'Banks and financial services'

Showing 1 - 16 of 16 results

  1. Financial services mis-selling: regulation and redress

    Press release

    Published on:

    The Financial Conduct Authority cannot know whether its activities are reducing the overall scale of financial services mis-selling to consumers. The most prominent example of mis-selling is Payment Protection Insurance (PPI). Between April 2011 and November 2015, firms paid out £22.2 billion in compensation to more than 12 million customers who had bought PPI.

  2. Financial services mis-selling: regulation and redress

    Report Value for money

    Published on:

    The Financial Conduct Authority cannot know whether its activities are reducing the overall scale of financial services mis-selling to consumers. The most prominent example of mis-selling is Payment Protection Insurance (PPI). Between April 2011 and November 2015, firms paid out £22.2 billion in compensation to more than 12 million customers who had bought PPI.

  3. Financial institutions landscape

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    The government is selling assets on an unprecedented scale but, given the equally large scale of its new loans and other initiatives, the overall projected net effect is a £200m increase in borrowing.

  4. Refinancing the Public Private Partnership for National Air Traffic Services

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    Sir John Bourn, head of the National Audit Office, reported today that the refinancing of the public private partnership for NATS, completed late last year, has put the Company on a much more robust financial footing, enabling it to make further vital investment to expand the capacity of Air Traffic Control to meet future growth […]

  5. The Public Private Partnership for National Air Traffic Services Ltd

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    Sir John Bourn, head of the National Audit Office, reported today that the public private partnership for NATS contains many positive elements. But the financial position of the Company will need strengthening to enable it to make further vital investment to expand the capacity of Air Traffic Control. In its study of the PPP for […]

  6. Investigation into the Bounce Back Loan Scheme

    Press release

    Published on:

    This investigation describes the scheme’s purpose and how it functions, performance to date, and how government manages value-for-money risks.

  7. NAO Briefing for the Treasury Select Committee – Performance of HM Treasury 2007-08

    Briefing

    Published on:

    This briefing has been prepared for the Treasury Select Committee (the Committee) to provide an overview of the work and performance of HM Treasury in the financial year 2007-08 and subsequent months. This briefing focuses upon the Treasury’s internal management and its financial position as a department in its own right.

  8. The Refinancing of the Fazakerley PFI Prison Contract

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    Sir John Bourn, head of the National Audit Office (NAO), told Parliament today that the Prison Service had secured £1 million of the expected £10.7 million increase in returns to shareholders of Fazakerley Prison Services Limited, following the refinancing of the Fazakerley prison contract let under the Private Finance Initiative (PFI). Further refinancings of PFI […]