Beachcroft calls FSA’s PPI policy statement ‘very bad news’
Law firm Beachcroft has criticised the FSA’s policy statement on payment protection insurance.
As reported on broking.co.uk the FSA has demanded firms implement new measures to protect PPI customers.
Beachcroft claimed there will be widespread disappointment at how little the FSA's approach has changed from the proposals made in March.
Dan Preddy, financial services partner at Beachcroft, commented: "In particular, there will be deep disappointment about the application of standards retrospectively including to sales made before the FSA regulated general insurance mediation and the lack
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