PPI

A lack of recognition of financial advisers is exacerbating the problems in the payment protection insurance (PPI) arena, according to the Association of Mortgage Intermediaries (AMI).

Banning the sale of PPI at the same time as a loan has been described as "unreal" and "absurd" by law firm CMS Cameron McKenna.

A damning report today exposes the "inexcusable scandal" of payment protection insurance (PPI) sales practices and blames a lack of competition for the problems facing the industry.

The idea that the rest of the world can "decouple" itself from the slowdown affecting the United States is unrealistic, the head of president George W Bush's economic advisory team said today, The Guardian reports.

Struggling homeowners may be at increased risk of home repossession because of the FSA's investigations into loan protection insurance, according to CETA Insurance.

Around two million consumers may have been sold PPI despite being ineligible for the products, research suggests.

Consumer complaints have risen by 30% in the last financial year, according to figures from the Financial Ombudsman Service (FOS).

The FSA has fined furniture retailer Land of Leather Limited and its chief executive for failing to ensure that Payment Protection Insurance (PPI) was sold correctly.

Consumers may be purchasing unsuitable payment protection insurance (PPI) policies because they believe they have no choice but to accept their lender's own policy, research suggests.

The protection industry - the FSA included - must "act fast" to ensure consumers understand the difference between Income Protection (IP) and Payment Protection Insurance (PPI).