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Payment protection insurance should be considered mandatory

Payment protection insurance (PPI) is arguably the most important insurance product a home owner will take out. If we consider that for most people, their home will be the single largest asset they own, along …

Payment Protection Insurance PPI clients overcharged by £1.4bn

In June 2008 the Competition Commission stated that a lack of competition has lead to customers being overcharged by £1.4bn a year for their payment protection insurance.
The report found that the vast majority of payment …