Lloyds confirms it will cease selling PPI

Story link: Lloyds confirms it will cease selling PPI

Banking giant Lloyds has confirmed it will no longer sell the controversial payment protection insurance (PPI).

Lloyds Banking Group, which is 41% owned by the taxpayer, is the first bank to drop PPI sales and the decision will apply to customers of all its brands including the Halifax, Bank of Scotland and the Cheltenham & Gloucester.