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FSA determined to see better practice in PPI sales

The Financial Services Authority (FSA) today announced details of a new phase of its work designed to improve sales standards in the Payment Protection Insurance (PPI) market. This is one of the largest programmes of thematic work the FSA has undertaken.

The new work builds on two earlier phases in 2005 and 2006. It will include mystery shopping and an extensive programme of both follow-up work with firms whose practices were earlier identified as

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FCA ends premium finance probe looking like a tired parent

Editor’s View: Two years after the Financial Conduct Authority kicked off about premium finance, Emma Ann Hughes feels the regulator’s market study final report felt more like finger-wagging from a worn-out parent than meaningful action from a watchdog with a powerful bite.

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Sharon Bishop, CEO of PremFina, explains how the business has scaled from helping 15 brokers in 2021 to more than 200 today, leveraged technology to stay ahead of regulation, and set its sights on becoming the UK’s leading premium finance provider.

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