PPI sales restrictions take effect

Firms now need to include certain information in marketing material, including the cost of PPI and make it clear that this cover is optional and available from other providers. They also have to provide an annual review setting out the cost of PPI and including a reminder of the consumer's right to cancel. These changes focus on ensuring that consumers and the relevant authorities are given sufficient information about PPI by providers. Ben Heffer, insight analyst for life and protection at Defaqto, welcomed the introduction of the new rules and hopes they will help consumers ensur...