Ian Taplin,the active Lloyds Bank Whistle Blower presented new evidence to the FCA alleging Lloyds TSB mis-selling financial products to their poorer and more vulnerable customers in a systemmatic and planned fashion.
Mr Taplin,resident of Maidenhead ,Berkshire met with an FCA Panel on February 6th 2015 and presented his allegations with new evidence supporting his claims of systemmatic mis-selling to LTSB poorer customers from 2000-2010.Mr Taplin previously presented evidence to a FSA Panel in October 2012.
The FCA have confirmed they have reopened their enquiries as a “major investigation” which is being closely managed by Tracy McDermott FCA Director; whom also supervised the investigation into the original complaint of Oct 2012.
Mr Taplin whom is an active member of Whistle Blower support groups has been strongly supported by his Member of Parliament Theresa May MP ;whom has met with Mr Taplin on 13 occasions .Mr Taplin remarks;-
“Theresa has met with me on 13 occasions and we have 5 hours of discusions concerning the subject of Banking conduct in her constituency of Maidenhead and in particular the way LloydsTSB sold financial products to its poorer customers -is of great concern to the Home Secretary.”
Theresa May wrote to Mr Taplin on Decemeber 17th 2014 ;-
“I have decided to raise the matter with Tracy McDermott-Executive FCA Board Member ;and Andrea Leadsom ,the Economic Secretary to the Treasury
“In my letter to the Economic Secretary ,I referred to my conversation with the Chancellor of the Exchequer ,who suggested I raise the case with her.I asked if she could look into the matter and comment”
Mr Taplin alleges LloydsTSB undertook deliberate and planned systemmatic mis-selling of financial products to the Bank’s poorer and more vulnerable communities.Mr Taplin whom worked for LloydsTSB 2005-2010 in Lloyds Private Bank and was fired for whistle blowing in August 2010.
On request from a FCA Director Mr Taplin is also compiling a Formal Complaint – which alleges Lloyds Bank Directors and the HR Staff used intimidation, bullying,and issued threats to Mr Taplin ;and whom purposely obstructed Mr Taplin as a public interest whistle blower.
Ian Taplin, former British Army Infantry Officer and Recipient of the Army Bursary Scholarship also added;-
“Working for Lloyds TSB was a highly unpleasant experience .I witnessed systemmatic mis-selling on a huge scale and the Bank managed its staff through threats and fear.
“We believe as many as 1 million LloydsTSB customers were mis-sold certain products and the probable compensation bill could be between £5bn -£10bn”
“In Maidenhead, we estimate that at least 6,000 local people could be affected and Theresa May is concerned about the manner in which LloydsTSB conducted itself in her own Constituency and this conduct being unresolved in the lead up to the Generel Election campaign 2015.
March 21 2005
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