Unintended consequences

  • Story by: Hal Austin
  • Magazine: FinancialAdviser
  • Published Thursday , November 20, 2008

Now that the Competition Commission has again refocused on payment protection insurance, the challenge is to drive out rogues sales people – who force the policies on clients to drive up their bonuses – while providing for the protection needs of borrowers.

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The problem is that we are in danger of throwing out the baby with the bath water. There is a place for PPI in any portfolio, but it must be appropriate.

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