FSA delays PPI reforms

Story link: FSA delays PPI reforms

Earlier this week, research by Defaqto found that the average annual percentage rate (APR) had soared and one of the reasons behind this, according to the finance group, is “the absence of PPI sales income”.

The FSA is in the process of reforming the PPI market but has announced a delay to its plans.

http://www.financemarkets.co.uk/2010/03/10/fsa-delays-ppi-reforms/

The Financial Services Authority (FSA), has announced a delay on its plans to reform the Payment Protection Insurance (PPI) market.

The City Watchdog said its consultation will be delayed by six weeks due to a heavy amount of criticism from the financial industry.