Wonga damaging finances ‘from beyond the grave’

Wonga damaging finances ‘from beyond the grave’

MPs are claiming that the collapse of payday lender Wonga is still damaging the finances of 10,500 former customers ‘from beyond the grave’. Wonga went out of business in August last year, blaming a surge in compensation claims as part of the reason for its collapse. 10,500 complaints At that time 10,500 customers had lodged …

Insurance firm traces £14 million in lost policies

Insurance firm traces £14 million in lost policies

Royal London – Britain’s biggest mutual, life and investment firm – has reunited 36,000 clients with £14 million worth of policies they had forgotten even existed. The firm spent £2 million tracking down the owners of so-called ‘penny policies’ taken out years ago, many sold by firms which Royal London has since taken over. Sold …