FSA sets PPI deadline for lenders
The Financial Services Authority (FSA) has turned the screw on lenders who sell single-premium payment protection insurance (PPI) by setting a deadline to bring sales to an end.
The regulator has written to the chief executives of providers to request they stop selling single-premium PPI by 29 May. The move follows the decision earlier this year by a number of major banks to stop selling the product.
The letter from Jon Pain, the FSA's managing director of retail markets, contains a reminder that
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Greggs ups events in Zurich BI £150m court case claim
- FCA fines JLT Specialty £7.8m for financial crime control failings
- Acrisure plants flag in UK with Russell Scanlan buy
- Ceta launches notional home insurance product
- Jensten expects to reach £500m GWP goal by the end of the year
- FCA warned on nearly 2000 potential scams in 2021/22
- UK Broker Awards 2022: Shortlist revealed