PPI
The payment protection insurance (PPI) debacle has been one of the biggest cases of mis-selling in history, but this story shows just how ambitious some bank advisers selling the policies were...
The Financial Services Compensation Scheme (FSCS) spent nearly £400m on management expenses in the 2010/11 year as it took in nearly £1bn in levies and paid out over £535m in compensation.
Critical illness (CI) and mortgage payment protection insurance (MPPI) are among the most complicated financial products for consumers to understand, the ABI has found.
Other PPI articles
The Financial Services Compensation Scheme (FSCS) is warning consumers against using claims management companies to retrieve money from mis-sold payment protection insurance (PPI).
Payment Protection Insurance (PPI) redress totals have reached a new peak after payments rocketed by more than £100m in just one month.
Our protection detective gives his verdicts on five key developments in the industry this month.
Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.
The pick of this week's articles on IFAonline...
How hard is it to design disability-based protection products in 2012, asks Andy Milburn.
The Financial Ombudsman Service (FOS) saw a near-60% rise in complaints relating to payment protection insurance (PPI) in the final three months of 2011.
The Financial Services Authority (FSA) has not used mystery shoppers for at least 18 months, despite a promise from Hector Sants that the regulator would make more use of the tactic.
With white papers due this year on long-term care (Dilnot Review), sickness absence and also the Treasury’s work on simple products, how much explicit help (not just macro changes to benefits and the NHS) would you want the government to give the industry?
The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.
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