ABI criticises the Competition Commission's PPI proposals

Finance and insurance industry associations have criticised the Competition Commission's (CC) recently released provisional plans, which aim to improve competition in the payment protection insurance (PPI) market.

The Association of British Insurers (ABI) has called the proposal, which will seek to ban the sale of PPI at the time a loan is issued, "devastating news for borrowers". It stated: "Under these proposals, customers will not be allowed to arrange loan protection with their lender when

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 copy this content. Please contact [email protected] to find out more.

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: