Final Competition Commission PPI investigation report due in January
Tue, 16 Dec 2008
The final report from the Competition Commission's (CC) investigation into payment protection insurance (PPI) is expected to be published in January.

PricewaterhouseCoopers have called the CC's proposed reforms a "mixed bag" with both positive and negative aspects. David Morey, director at PricewaterhouseCoopers's regulatory practice, said: "The proposed package of remedies is a mixed bag. Whilst some remedies are likely to be positive for consumers, there must be a real concern that the level of protection provided to customers will fall, potentially in a dramatic fashion."

Mr Morey added that PPI can offer very valuable benefits at times of stress . Presently, with more unemployment, increasing arrears and an increase in the use of charging orders, the Competition Commission's solution to de-link the sale of PPI from the credit is likely to lead to a significantly lower amount of cover being sold "which does not seem to be a sensible thing to be doing in the current climate".
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Critical Illness Cover

Critical Illness Cover

Protect your family should you become seriously ill or disabled.

Critical Illness Cover
Family Income Benefit

Family Income Benefit

Protect the family income with a family income benefit quote.

Family Income Benefit