Post Office responds to report on PPI

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Post Office responds to report on PPI

Thu 13th Nov 2008

Commenting on the Competition Commission's report on the sale of PPI, the Post Office has called for greater emphasis on the open market available to UK customers.

Following the publication of the report, the Post Office said that - considering the current economic climate - it is more important than ever for customers to be given fair and honest financial advice.

In a statement, the company commented: "The Post Office has long been calling for an open market for PPI sales, where providers are honest with customers that other, cheaper standalone products are available and has contributed to the Competition Commission's investigation to this effect."

The Post Office has also voiced its concern about the possibility of customers paying too much for PPI, with a recent study showing that 20 per cent of full-time workers have more than one PPI policy and could save more than £500 a year by simply having one product.

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