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 taking
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 Management
Most read
- Staff to vote on strike action against FCA
- Complete Cover Group confirms potential job losses
- In Person: Emma Rawlinson, Atlanta CEO
- People Moves: 24-28 January 2022
- CFC Underwriting tops the Insurance Age broker cyber poll
- New broker NW Risk Solutions launches
- Lords starts hearing evidence in insurance market regulation inquiry