AMI urges removal of MPPI from inquiry

clock

Mortgage PPI must be excluded from the Competition Comission's investigation into payment protection insurance, the AMI argues.

The call comes as part of its response to the Competition Commission's findings on the payment protection insurance (PPI) market. AMI raised a number of other points in its submission, including calling for consideration of unintended consequences for consumer protection through the removal of single premium PPI. It also warned the Commission to be wary of further regulation which may force good firms out of the market, and called for regulation to be applied to price comparison websites. Chris Cummings, director general of AMI, says consumers benefitted from a robust and principally ad...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read