Have your say on payment protection insurance issues

The Office of Fair Trading (OFT) is holding a feedback session on 24 August 2006, to offer the insurance industry the chance to comment on the key issues identified by the OFT in its on-going market study into payment protection insurance (PPI). It will also be possible to submit written comments to the OFT. The session is not open to the general public or the press.

The OFT has been studying the PPI sector since December 2005, following a super-complaint submitted by Citizens Advice.

This is part of long-running competition and regulatory investigations into various aspects of PPI. A number of lenders are currently subject to FSA investigation in relation to PPI sales and the FSA has published thematic work on PPI which the OFT is considering within this market study. The issue of cancellation of PPI and refunds of single premiums is also being looked at by the FSA under the Unfair Contract Terms in Consumer Contracts Regulations 1999. The OFT is continuing to work closely with