Has the FSA got a grip of the "Protection Racket"?
With all that has been happening over the last few months, you may be forgiven for thinking that, in its efforts to save the world from financial disaster, and itself from reputational ruin, the Financial Services Authority (FSA) may be distracted from its day-to-day business. Not a bit of it. In pursuance of one of its key objectives - consumer protection - it is targeting the sales of an insurance product that has at its heart an admirable objective, but which has become controversial due to the marketing practices of financial institutions.
This briefing note looks at the concerns over Payment Protection Insurance and discusses the findings of Office of Fair Trading and the Competition Commission in relation to flawed practices.
Download full briefing note below.
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