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PPI Claim News - 14/1/2010

 
PPI becoming less popular, new statistics show

Payment protection insurance (PPI) has topped a list of policy types which consumers are reluctant to take out.

That is according to new figures from the Association of British Insurers (ABI), which show that PPI is the type of insurance which is most commonly abandoned, the Financial Times reports today (January 14th).

When asked why they no longer had the product, the most common answers were that it was too expensive or that the money was needed for something else.

Director of research and chief economist for the ABI, Dr Rebecca Driver told the news provider: "These findings highlight how important it is for any government to deliver policies that appeal to consumers' increasing sense of financial responsibility."

PPI policies have also been criticised for being mis-sold, and this week the Financial Ombudsman Service said it expected to receive record numbers of complaints about PPI mis-selling this year.

For free advice on how to make a PPI Claim – Payment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19558741-ADNFCR



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