Competition regulator proposes PPI point-of-sale ban

Tighter supervision of PPI sales coincides with a boost in demand driven by fears about the UK economy and unemployment

The UK’s supervisory agencies continue to scrutinise the selling methods of providers of payment protection insurance products (PPI). Following the Financial Services Authority’s report in October (see WIR 489) the Competition Commission (CC) came forward with a proposal on how to remedy some of the suppliers’ practices to improve consumer access.