It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.
While this one is even less closely linked to traditional protection products such as life insurance, critical illness and income protection, it once again highlights a problem within the bancassurance industry. The alleged mis-selling of interest rate protection uncovered by Sky News brings yet another question mark over the suitability of banks to provide independent and unbiased financial advice. So in theory this news should be a good thing for IFAs. However, with PPI still making the headlines - today COVER reported on the aforementioned deadline for Barclays, RBS and Lloyds g...
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