This website provides information to assist you if you are considering making a complaint about how your PPI policy was sold to you. If after reading the information you still believe that you have a complaint about the way in which your PPI policy was sold, rest assured that we’re committed to making this as straightforward as possible for you.
If you have already made a complaint to us, you don’t need to do anything. We will be in touch as soon as we have an update on your case.
If you have a concern about how your PPI Policy was sold, it's easy for you to contact us directly. You don’t need to use a Claims Management Company (CMC) who will typically charge an upfront fee or take a proportion of any compensation you may be due.
We assess complaints sent directly to us in exactly the same way that we treat complaints from a CMC, so you won’t be disadvantaged by coming direct to us.
1. Call or write to us
We’d like to discuss the details of your case with you directly so your concerns can be resolved as quickly as possible. You can write to us at Lloyds TSB, PPI Customer Services, BX1 1LT or call us on 0845 601 2683 (lines open 8am to 6pm, Monday to Friday and 9am to 2pm Saturday) , our dedicated number for PPI complaints.
If you need to call us from abroad or prefer not to use our 0845 number, you can also call us on +44 (0)207 649 9015.
If you have a Blackhorse agreement, please visit the Blackhorse PPI complaints website.
2. Download and complete a FOS PPI Questionnaire
If you decide you want to go ahead with your complaint, download the FOS PPI Questionnaire from the Financial Ombudsman Service and fill in the details of your case. This will help us process your complaint as efficiently as possible.
3. Send it to us
Send the FOS PPI Questionnaire to Lloyds TSB, PPI Customer Services, BX1 1LT. When we’ve made a decision we’ll write to you clearly explaining it. If we are offering you a refund, we are committed to making sure you receive payment within 28 days of our decision letter.
In all cases, any interest due will be adjusted right up until the date of payment.
PPI is insurance that pays out a sum of money to help cover your monthly repayments on your loan, credit card and/or mortgage in certain events, which could include unemployment, accident or sickness, hospitalisation or death. This type of cover may also be called loan protection, credit insurance, loan repayment insurance, ASU (accident, sickness and unemployment) insurance, account cover or payment cover.
An easy way to check if you have taken out PPI, is to check your product statements for evidence of premiums paid. Also, you may have policy booklets and loan or credit agreements that show information on PPI. Some of our product names for this type of insurance include Mortgage sure, Payment Protection plus, card or loan protection.
Firstly, please check any available documentation as outlined in question 1 to obtain details of your PPI policy. This will help in progressing your complaint.
The easiest way to raise a query about a PPI policy is to complete a FOS PPI Questionnaire. By filling out the FOS (Financial Ombudsman Service) PPI Questionnaire we will have all of the information we need to assess your complaint.
Once you have completed the form please send it directly to us at:
PPI Customer Services
BX1 1 LT
If you have a Blackhorse agreement, please visit the Blackhorse PPI complaints website.
We encourage our customers to talk to us about PPI:
If you have any further query about the way your PPI was sold you can ring a dedicated telephone line for PPI customers 0845 601 2683.
We will investigate any complaint received properly and fairly. Please be aware that if your policy was cancelled over 6 years ago it is unlikely we will have any documentation about the circumstances of your sale, so any information you are able to provide would help us to complete a full investigation of your case.
Yes, even if you can’t find your paperwork we will investigate your complaint properly and fairly. Please be aware that if your policy was cancelled over 6 years ago it is unlikely that we will have any documentation about the circumstances of your sale, so any information you are able to provide would help us to complete a full investigation of your case.
We will send you an acknowledgement letter within 5 days of receiving your complaint.
We will provide a full response as soon as possible and aim to do this within eight weeks of receiving your complaint. If we are unable to resolve your complaint within the initial eight weeks, we will write to you at this stage explaining why we are not able to make a decision and tell you when you will receive a final response from us.
We are committed to giving your complaint the attention it deserves and will send you our full written response as soon as our investigations are complete. The volume of complaints received by banks remains extremely high and we have expanded our team, and will continue to do so where needed, in response to the demand. Based on current numbers, we will send you our full written response as soon as possible and certainly no later than 16 weeks after receiving your initial complaint.
If we received your complaint more than eight weeks ago, we will have explained that you can forward your complaint to the Financial Ombudsman Service. This is a free, independent service for settling disputes between financial services firms and their customers. You may wish to contact the Financial Ombudsman Service first before deciding on what action to take or review the frequently asked questions on its website. In all cases where redress is owed, you will not be disadvantaged by any delay as any interest due will be calculated right up until the date of payment.
We take all complaints very seriously and are committed to handling them on a fair and consistent basis. In line with our complaint-handling policy we will assess your PPI complaint and will provide compensation, including the backdating of interest and payments, where appropriate.
We are committed to ensuring customers receive payment within 28 days of our decision letter. However we have experienced a large volume of new cases over recent months. This has created some complications for us that we are putting right. As a result we are aware that in certain cases, there could be a delay in customers receiving their payment. We apologise if you have not received your payment within 28 days of our decision letter and thank you for your patience. If you are still waiting for your payment and it is more than 28 days since you received our decision letter, please call our helpline on 0845 601 2683. We'll usually be able to make payment to you within 10 working days. If your case is complex it may take us longer and we will keep you regularly updated.
In all cases any interest due will be adjusted right up until the date of payment.
As a general rule, your refund will include a reimbursement of all insurance premiums paid, interest on those premiums and where applicable, interest calculated at 8%.
Where the only failing identified with the PPI sale relates to the specific attributes of a single premium PPI policy (paid for in one payment by additional borrowing on a loan which would incur interest throughout the life of the loan) and in the absence of evidence to the contrary, we may presume that a regular premium payment protection policy (paid for each month with no additional borrowing to the loan) would have been bought instead.
Our offer, in line with the guidelines set out by the Financial Services Authority, would therefore represent the difference between what was actually paid for the single premium PPI policy, inclusive of interest and what would have been paid for a regular premium PPI policy. Additional interest at 8% would also be added to the refund.
If you would like the details on the final decision letter explained to you, please call us on 0845 601 2683.
Her Majesty’s Revenue & Customs (HMRC) regard any statutory interest paid at 8% to be taxable benefit and as such you are required to declare this as part of your tax return.
We are not reopening complaints that have already been closed. When responding to complaints, we always tell customers that they have 6 months to raise any concerns over our decision to the Financial Ombudsman Service (FOS). If you have new or different concerns, then we’ll be happy to review those as part of any new complaint you raise with us. We are also reviewing certain Payment Protection Insurance sales processes dating from 2005. If we find the need for a further assessment of the sale of your PPI policy we will write to you. At the moment, you do not need to do anything.
No. We will stand by any offer to settle a complaint that has already been made to you or a third party acting on your behalf.
We will work with the FOS and provide them with all of the relevant case notes to allow them to complete their investigation. We will also liaise directly with the FOS to deal with complaints as quickly as we can.
No. In July 2010 we announced that we would no longer sell our range of PPI to personal and business customers.
Yes. You can still make a complaint about how your PPI Policy was sold even if you have since cancelled the policy. Details of how to complain are provided above. It’s easy for you to complain to us directly so you don’t need to use a Claims Management Company. Your complaint will be assessed in exactly the same way if you come to us directly but you will avoid having to share any compensation payment with a Claims Management Company.
In October 2010 the British Bankers’ Association (BBA) asked the Courts to review the recently published rules made by the Financial Services Authority (FSA) in relation to PPI sales-related complaints. The BBA also asked for a review of the guidance published by the Financial Ombudsman Service (FOS) on the handling of PPI complaints. In May 2011 we announced that we would no longer be participating in the BBA’s Judicial Review. The BBA subsequently decided that it would not be appealing the Court’s decision that the FSA’s rules should be implemented in full.
Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority except for lending where we are licensed by The Office of Fair Trading. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register. Lloyds TSB Bank plc and Lloyds TSB Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.
If your non savings income is less than your personal allowance you may qualify for the 10% savings tax rate, we will still pay your interest net of tax (with income tax taken off - currently 20%). If you think that this may apply to you, you should complete HMRC form R40, available on HMRC website or your tax office.
Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds TSB Scotland plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland No. SC 95237.
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