Banning PPI at point of sale branded 'absurd'

Simon Morris, a partner at the firm which specialises in financial services, says the move would be “like saying that a car should be sold without tyres so that the motorist can then shop around for a better deal”. The suggestion formed part of a damning report by the Competition Commission (CC) on the problems facing the PPI market, which also suggested a price cap as a temporary measure to reduce the price of PPI products. Morris says: “This is unreal. The Competition Commission’s suggestion that firms be banned from selling PPI to customers to protect their loans or other credit produc...