This is some text prior to the author information. You can change this text from the admin section of WP-Gravatar To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this author
Payment Protection Insurance (PPI) provider Paymentshield is making over 60 of its staff redundant due to a duplication in job roles after their recent takeover by Towergate. This figure represents 20% of their entire workforce witht the number of employees dropping from 300 to under 240..
The majority of the staff are based at the firm’s Southport office and are no doubt casualties of the recent fall from grace for PPI. After multiple accouts of mis-selling and hundreds of thousands of PPI claims against insurers, this form of cover has had few supporters of late. Paymentshield are probably just the first of many providers that will be hit by the lack of trust in PPI from the banking public.