Four in five IFAs think new rules are required in the areas of payment protection insurance (PPI) sa...
Four in five IFAs think new rules are required in the areas of payment protection insurance (PPI) sales, according to COVER's latest web poll.
The majority of respondents to the survey said they believe specific legislation is necessary to combat the problems surrounding PPI sales. Only 20% disagreed.
The result of the survey came on the back of the Financial Services Authority's (FSA) latest review of the PPI sector, which revealed that firms selling PPI are still failing to treat their customers fairly. Following visits to 40 firms, the FSA found that a number of companies are still not meeting the regulator's guidelines when selling the cover.
Following the Association of British Insurers Protection Committee's decision to focus more on income protection, this month's survey asks whether you think this finally will be the push the cover has so long been needing?
To cast your vote, please visit www.covermagazine.co.uk.
