Leading UK claims company, Stanton Fisher is looking to treble its Irish workforce via the opening of a new Irish headquarters, which will see the creation of 40 new jobs, initially.

The Government is being urged to bring in new laws to ensure banks who mis-sold payment protection insurance (PPI) are forced to compensate thousands of customers, after warnings the sums owed by financial institutions could amount to €500m.

A leading claims firm has called for a public inquiry into the full extent of payment protection insurance (PPI) mis-selling in Ireland, forecasting that the true amount owed to consumers is around €500m; nearly eight times more than a recent determination.