Regulator launches PPI comparison tables

The FSA has launched free, impartial comparison tables for payment protection insurance (PPI) on its consumer website.

The regulator said the new tables are designed to help consumers who are thinking about taking out a PPI policy to shop around and identify products that could meet their needs. The PPI tables will be updated daily, and feature single and regular premium policies. The tables will also provide details of exclusions and how pre-existing conditions are handled.

Chris Pond, director for financial capability at the regulator, said: “The FSA is committed to helping consumers make informed decisions about PPI and to shop around more effectively - the PPI tables are a key part of this. Improving the PPI market and the deal consumers receive is one of the FSA’s top priorities, and central to this is enhancing consumer power in this market.

“PPI is almost always optional and consumers need to consider their own financial circumstances when deciding to purchase it and make sure they are clear about what will be covered.”

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