They say sunlight is the best disinfectant, and if it is true, there is no better than for the clear light of day shone on the Payment Protection Insurance industry.
Greater customer awareness, television advertising and the increasing number of PPI complaints have almost forced firms, credit institutions and banks to stop mis-selling and clean up their act.
For example, there has been widespread stalling of the sale of PPI integrated loans, lenders have been drained and huge institutions have stopped selling policies altoghether, it has also been spoken of sales staff having to get financial qualifications to be able to sell further products or services. Exposure to shady practices have also affected other insurance products, such as serious illness cover, which has seen the refund reclaims be increased from 8 in 10 to 9 in 10.
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Reclaiming mis-sold PPI (Payment Protection Insurance) For You.
