There's a rumour that Lloyds has set aside £100m to cover conduct issues, including the compensation payments due to customers as a result of today's record fine for unacceptable sales incentives.
What's definitely true is that it is sales to 692,000 customers to check whether or not they lost out, or if they were sold an insurance or investment product they didn't need.
Within that number 11,000 cases are being prioritised. These are the ones where the behaviour of the advisers was most questionable.
Showing posts with label sales. Show all posts
Showing posts with label sales. Show all posts
Wednesday, 11 December 2013
Friday, 7 October 2011
Sun burns John Lewis
HEATWAVE HITS JOHN LEWIS SALES
The Autumn heatwave knocked John Lewis's sales in the week to 1st October.
They were down 7.9% on last year, as shoppers stayed away to enjoy the sun.
Household budgets are under strain anyway so some will take John Lewis's "tough week" as a warning sign.
The department store chain said trade in the electrical, home and technology areas stuttered due to the impact of the weather.
Sales of autumn fashions were hit as well, though John Lewis is hoping that more people will grace its doors now that cold winds are starting to blow.
The Autumn heatwave knocked John Lewis's sales in the week to 1st October.
They were down 7.9% on last year, as shoppers stayed away to enjoy the sun.
Household budgets are under strain anyway so some will take John Lewis's "tough week" as a warning sign.
The department store chain said trade in the electrical, home and technology areas stuttered due to the impact of the weather.
Sales of autumn fashions were hit as well, though John Lewis is hoping that more people will grace its doors now that cold winds are starting to blow.
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