Lloyds Banking Group has set aside a further £1 billion to pay compensation for mis-sold payment protection insurance (PPI).
The extra provision was expected after the deadline for PPI claims was extended to June 2019. The announcement came as the bank announced that pre-tax profits for the three months to the end of September fell 15 per cent to £811 million, the BBC reports. In other PPI news, the Daily Mail reports that thousands of divorced women deprived of PPI payouts by NatWest and Royal Bank of Scotland will now receive compensation.State-backed RBS-NatWest failed to pay separated and divorced women their legal share of payouts for mis-sold PPI. In an email, the bank, which is 73 per cent owned by the taxpayer, admits it was in the wrong and has changed its policy.
Gender gapWomen work on average 39 more days a year than men, according to the World Economic Forum.
The BBC reports that women work on average 50 minutes more a day than men, data from the WEF’s Global Gender Gap report suggests. The
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