Which? says PPI should be sold separately from other products

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Which? says PPI should be sold separately from other products

Companies should not sell payment protection insurance (PPI) in the same place as they offer other financial products, according to a representative from Which?.

Chief executive of the watchdog Peter Vicary-Smith suggested firms should focus on giving more value for money and better quality cover for their finances.

In his view, PPI has generally been shown to be a poor method of insuring products, with many people buying it in the belief that there is no alternative.

"Point of sale PPI puts consumers in a position where they have to choose between a shoddy protection product or no protection at all," explained Mr Vicary-Smith.

He claimed customers would benefit from being sold insurance separately, as they might be able to look at different options and make an informed decision about the best policy for them.

This month, Which? revealed that it has published its tax handbook for the 2010/11 financial year, offering practical tips and advice and tips.

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