Jonathan Evans MP has raised the prospect that the overall liability for payment protection insurance (PPI) mis-selling could reach £4bn.
The figure came at an evidence meeting of the All Parliamentary Group on Insurance and Financial Services held in the House of Commons at which both the British Insurance Brokers' Association (Biba) and...
The insurer has begun consultation with employees as it proposes to remove jobs from the UK as the business is restructured.
Software house stresses the issue was not caused by its Pure platform.
The software house acknowledged that a further issue had occurred.
The move will not impact brokers working with its UKGI business and Colm Holmes remains UKGI CEO.