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Barclays to deal quickly with payment protection insurance complaints

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Barclays will reimburse all customers who complained about the sale of their payment protection insurance before 20 April in full (plus 8% interest) without any further investigation of the individual claims.

 

Barclays considers this will be the best way to address the backlog. Barclays set aside £1billion to cover the cost of compensation.

Income protection insurance news: 28 June 2011

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