New PPI comparison tables plan splits industry

As part of an ongoing campaign to improve the way PPI is sold, the regulator says the tables will compare the costs of every firm selling mortgage, unsecured personal loan or credit card PPI policies. Some independent providers say the tables, set to be introduced in March next year, will provide consumers with an unbiased picture of all the options available to them, and “not just the one their lender wants to sell them”. However, some others argue comparison tables will not represent progress, citing difficulties to compare PPI “like for like” and arguing independent financial advice...