The FSA's bid to improve the Payment Protection Insurance (PPI) market moved forward today after the regulator confirmed comparison tables for consumers will be available from March next year.
As reported by IFAonline in July, the tables will enable customers to examine the different PPI policies available across the market for the first time, although the FSA is keen to point out the tables are not solely for price comparison. It is the latest move in a drive to clean up a market which has been a source of complaint among consumers for years, particularly concerning providers’ willingness to lump in PPI with other insurance sales, and their failure to adequately explain its advantages and drawbacks. It also follows the FSA’s latest review of PPI sales, which suggested provid...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
