CC decision is a victory for consumers, says Which?

As the Competition Commission announces its ‘provisional decision on remedies into the PPI market', Peter Vicary-Smith, Chief Executive of Which? says: "This is a huge victory for consumers who have often felt pressured into buying expensive and inadequate PPI products. The Competition Commission has listened to the consumer voice and has taken decisive action.

"Single premiums trap people into poor value products that are difficult to get out of, but by staggering the payments, consumers will have more control. This sounds the death knell for shoddy protection and is a wake up call to the industry to develop useful products that consumers actually need."