Banks halt single premium PPI sales as Biba calls for FSA action
Some of the country's leading banks have pre-empted the results of a Competition Commission investigation into payment protection insurance (PPI) by agreeing to cease selling single premium PPI products with unsecured loans.
The decision by Alliance & Leicester, Barclays, the Co-operative Bank, Lloyds Banking Group and RBS to stop selling single premium products was welcomed by the Financial Services Authority (FSA), which has encouraged other firms to follow suit.
John Pain, managing director
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
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Aviva’s Covid-19 BI claims exposure down to broker wordings
- Masojada: Hiscox regrets "anguish and uncertainty" caused by Covid-19 BI dispute
- Aston Lark snaps up Scottish broker
- Aviva to buy Axa XL's Private Clients business
- Aston Lark buys Magenta Insurance
- JM Glendinning buys Staffordshire broker
- Inflexion reveals fresh broker investment following Bollington sale