PPI still on FSA radar

Payment Protection Insurance (PPI) has hit the headlines for all the wrong reasons – in 120 articles to be precise since the beginning of the year, according to the FSA. In this extract from Stuart King’s speech, head of retail intelligence and regulatory themes at the FSA, he explains what has gone wrong and why the regulator will introduce new rules.

The PPI market has generated a great deal of public attention in recent months. Since the beginning of the year more than 120 articles containing over 28,000 words have been written on the subject in our national press alone.