Payment protection insurance (PPI)
PPI judicial review starts in High Court
A judicial review began in the High Court today after the British Bankers Association challenged the Financial Services Authority over its retrospective application of rules for dealing with payment protection insurance complaints.
Assurant latest to target PPI market
Assurant Solutions has unveiled two new payment protection insurance products that will be underwritten at the point of sale.
Ombudsman proposes £15m budget hike as PPI claims stack up
The Financial Ombudsman Service today published its public consultation on its proposed budget for the next financial year (2011/2012).
Income protection to become core product for Aviva
Aviva has tipped its new short-term payment protection insurance product to generate a "significant proportion" of its overall turnover following its launch in Q1 2011.
Capita research reveals PPI interest
Almost 30% of people who have cancelled or are considering cancelling their payment protection insurance would consider buying a replacement policy, research by Capita has revealed.
Comment - Competition commission: Devising the solution
The Competition Commission has delivered its final verdict on the UK payment protection insurance market. Martin Jenns reports on the result, what this means for the sector and how it can move forward.
Regulation - Life after the FSA: New beginnings
With the coalition government now set to see through its promise to abolish the FSA, Leigh Jackson reports on the possible consequences for the broking sector.
“No firm ideas” from consultation paper on financial regulation
The Institute of Insurance Brokers has responded to HM Treasury’s consultation paper ‘A new approach to financial regulation’.
CC confirms PPI point of sale ban
The Competition Commission has confirmed its decision to introduce a point of sale prohibition on payment protection insurance.
FSA defends PPI rules
The Financial Services Authority has vowed to fight the British Bankers' Association's judicial review of new payment protection insurance complaints handling measures.
FSA insists it will fight judicial review of PPI complaints
The Financial Services Authority has insisted it will contest the British Bankers’ Association’s judicial review of new payment protection insurance (PPI) complaints handling measures.
BIS 2010 - News: Hiscox boss calls for break up of ABI
Bronek Masojada, chief executive of Hiscox, has called for a separate trade body to represent the interests of general insurance from those of the life and savings sector.
Pioneer and Exeter Friendly to launch single brand
Income protection and private medial insurance firms Pioneer and Exeter Friendly are set to combine under a single brand name.
Lloyds tops FOS complaints table
Lloyds TSB Bank has received the most general insurance complaints of any company during the first half of 2010.
CMS Cameron McKenna: FSA “punishing” PPI market
Law firm CMS Cameron McKenna has responded angrily to the FSA’s policy announcement on the PPI market.
FSA outlines tough stance on PPI market
The Financial Services Authority has published a policy statement confirming a package of measures to protect consumers in the Payment Protection Insurance market.
Paymentshield launches product
A new income insurance product aimed at helping customers to control their financial commitments has been launched by Paymentshield.
Lloyds Bank PPI sales fall 23% in H1 2010 results
Lloyds Banking Group has reported that profit before tax and fair value unwind from its general insurance increased by 5 per cent to £195m in the first half of 2010, "due primarily to lower claims and reduced operating expenses".
Competition Commission launches PPI consultation
The Competition Commission has unveiled a consultation paper on the way retail payment protection insurance is sold.
Lloyds pulls credit linked PPI products
Lloyds Banking Group has announced it has ceased selling credit linked payment protection insurance (PPI), effective from 23 July.
FSCS says two thirds of £204m payouts are for PPI
In its annual report and accounts for 2009/10, published today (22 July), the Financial Services Compensation Scheme reports that it has paid more than £204m in compensation to over 21 000 claimants.
Interview - Glynn Keeling: Out from under the radar
With a high-profile Ebay affinity deal recently signed, Leigh Jackson met Autonet managing director Glynn Keeling to talk about the firm's foundations and its future plans.
FSA hands out £10k broker fine
The Financial Services Authority has fined David Head, director of Essex based mortgage and insurance broker network FT Compliance Services £10,500.