ARTICLE · 08 NOVEMBER 2005

FSA update on payment protection insurance

CMS Cameron McKenna Nabarro Olswang

Explore more from CMS Cameron McKenna Nabarro Olswang

FSA have today released a report which warns the financial services industry to address urgently serious concerns it has relating to the sale of payment protection insurance (PPI).

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Paul Edmondson

Nick Paul

FSA have today released a report which warns the financial services industry to address urgently serious concerns it has relating to the sale of payment protection insurance (PPI). This is a critical issue for those selling and underwriting PPI who have been told they must take urgent action to ensure they are complying with FSA rules, including ‘treating customers fairly’.

Please see below for the full article containing:

a summary of the key findings of the FSA report

follow-up steps to be taken by FSA

Full Article

FSA have today released a report (The Sale of Payment Protection Insurance – results of thematic work), which warns the financial services industry to take urgent action to address concerns it has relating to the sale of payment protection insurance (PPI). The report is based on a series of firm supervisory visits and mystery shopping undertaken during the summer.

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