PPI sales scandal revealed

A multi-billion-pound scandal over insurance sold with personal loanswas revealed in a survey conducted by intermediary Goodfellows lastmonth.

The research revealed that some loan providers are cashing in on alucrative insurance sideline by selling policies that they claim willprotect borrowers who have fallen on hard times and are unable to meettheir repayment obligations.

Goodfellows claims sales of payment protection insurance (PPI) are runningat 1,000 policies an hour and lenders are takin

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: