PPI

The ABI has given its backing to the Treasury's simplified products proposal and highlighted the need for a government supported replacement to payment protection insurance (PPI).

"Doing the right thing" has emerged as the most important value among Financial Ombudsman Service (FOS) staff as part of an ongoing review.

The FOS must make a final decision on the level of its reserves this month, as firms' continued refusal to pay fees linked to payment protection insurance (PPI) cases look set to exhaust funds and force levies to rise by as much as 25%.

The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.

Brian Lindley explores the PPI marketplace, consumer attitudes and what may help regain their trust

The FSCS has declared Welcome Financial Services (WFS), the loan advice firm, in default after it admitted it could not pay compensation claims linked to payment protection insurance (PPI) sales.

Paymentshield has announced a 10% increase in upfront commission available to brokers.

Ben Heffer provides Paul Robertson with an insight into the workings behind Defaqto and an analysis of the market's future

The FSA has appointed three more non-executive directors to the strategic board of the Financial Ombudsman Service (FOS), as it prepares for an avalanche of extra claims over Payment Protection Insurance and a series of investment company failures.

Assurant Intermediary has launched new Accident Sickness and Unemployment (ASU) products it said are an antidote to problems plaguing payment protection insurance (PPI) in recent years.