Summary
The pounds 5 billion a year market in insurance policies that protect loan repayments is to be investigated by the competition watchdog.
The Office of Fair Trading said it had identified issues about the payment protection insurance market which suggested it may not be working well for consumers.See the full content of this document
Extract
Oft Targets Loan Insurance
It said the size of the market, the complexity of the cover and the limited understanding people had of it, and the way the product was sold al...
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