The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have jointly published final guidance to help prevent the problems associated with Payment Protection Insurance (PPI) recurring in a new generation of products. This is a key time in the market. In recent years firms have ceased offering PPI and begun to develop and sell other forms of protection - such as short-term income protection insurance, or debt freeze/debt waivers linked to a credit agreement or mortgage. New payment protection products may offer benefits to customers but, if not designed and sold with consumers’ interests in mind, may pose risks similar to PPI. The previous failings in relation to PPI must not be repeated...... Read More Here