Task force slams FSA over short-term IP warning

According to the Income Protection Task Force (IPTF), short-term IP does not merit being "tarred with the same brush" as PPI, which was the subject of a two-year investigation by the Competition Commission (CC). The FSA last week wrote to companies suggesting some PPI and short-term IP contracts may be deemed unfair under the Unfair Contract Terms legislation because they contain a provision allowing companies 20 days notice for revising the terms of the contract. But the IPTF says short-term IP should not be compared with products that require regular renewal, allowing terms and cond...