PPI point of sale ban stands
The Competition Commission (CC) has confirmed that it will introduce a remedies package based around a point-of-sale prohibition for all forms of payment protection insurance (PPI), excluding retail.
The move followed the CC's provisional decision on this issue, which was published in May this year.
The point-of-sale prohibition will stop the completion of sales of PPI during the sale of the associated credit product such as a personal loan. Providers will now have to wait seven days before they can contact customers to sell them the insurance. It was one of a package of measures the CC planned to introduce following its investigation into PPI.
The report and in particular the proposed point
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