FSA wants all firms to stop selling single premium PPI
01 December 2009 (375 reads)
The Financial Services Authority (FSA) has written to all firms still selling single premium Payment Protection Insurance with unsecured personal loans (SP PPI UPL) asking them to withdraw the product as soon as possible, and by no later than 29 May.
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Alliance & Leicester to pay £7 million fine for PPI failings
28 November 2009 (353 reads)
For three years from January 2005 to December 2007 A&L sold approximately 210,000 PPI policies to customers seeking a personal loan at an average price of £1,265, but there was a general failure by advisers to give customers details of the cost of PPI. In addition A&L sought to find reasons to sell PPI without properly considering what customers needed.
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PPI: Are you due compensation?
17 November 2009 (525 reads)
If you have been sold Payment Protection Insurance (PPI) for a personal loan or a mortgage, you may soon receive an offer of compensation from the provider .
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Swinton to refund 350,000 people
17 November 2009 (551 reads)
Insurance broker Swinton will offer refunds to 350,000 customers after the City watchdog found serious failings in the way it sold insurance.
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