Jubilee calls for clarification on PPI
Jubilee has called upon government and regulator to address the uncertainty surrounding regulation of payment protection insurance (PPI) in order to let the industry grow.
The specialist Lloyd’s insurer responded to the recent joint consultation by the Financial Services Authority (FSA) and Office of Fair Trading (OFT) on the range of new PPI products being introduced to the market by asking for clearer guidance.
According to Jubilee, there have been many changes made to the PPI products now available to customers but a lack of guidance on how to approach them meant many insurers were not getting involved in the PPI market, despite the fact that many consumers
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