Competition Commission confirms PPI sales ban

The ‘point of sale prohibition' is longer if a personal PPI quote is not issued until later as there must be a seven day gap between the quote being issued and PPI sale. Regulations controlling its sale also included requirements to provide a personal PPI quote setting out the cost along with details of the cover provided and give information in marketing material about its cost and ‘key messages', for example making it clear that PPI is optional and available from other providers. The publication confirms those measures finalised by the Commission in January 2009 following its review...