‘I complained to FCA about payout delay’

NOEL Edmonds has reported Lloyds to the Financial Conduct Authority over delays in the payment of compensation to victims of the HBOS fraud.

The bank has appointed Professor Russel Griggs to look at each case and to decide on an appropriate sum of compensation.

Victims have been critical of the review process. They say £100million will not cover all the claims – and that the process is not fair or transparent.

Edmonds said: ‘I asked for the Financial Conduct Authority to investigate the statement by Lloyds chairman Lord Blackwell at the time of the annual general meeting that victims will be paid within weeks not months.’

He has written to Andrew Bailey, head of the watchdog, to ask for an investigation of the review ‘and why it is being conducted,’ Edmonds said.