| In response to today’s report from the Competition Commission on PPI (Payment Protection Insurance) the new Chairman of the Financial Services Consumer Panel, David Lipsey, a crossbench peer, said:
“PPI, both products and sales, has been a source of inexcusable scandals for too long. The FSA has been tackling the regulated aspects of PPI, and now we see a clearer exposition of the competition issues in today’s report. The Consumer Panel greatly welcomes the attention which the Competition Commission has given to this issue.”
– ends–
MEDIA ENQUIRIES
| Rebecca Tabor |
020 7066 0902 |
Notes to editors |
