Competition Commission simply wrong on PPI, says BBA

"The Competition Commission has gone well beyond its remit and the evidence it has which shows customers will only consider taking cover when they borrow and not afterwards.

Clearly now, more than ever, it is vitally important to think about how you can meet your commitments if you lose your source of income. The Competition Commission is simply wrong to suggest people should be prevented from taking advantage of products designed specifically to cushion the effects of accident, sickness and unemployment at the very time they are considering taking out a loan. This is an irresponsible decision exposing vulnerable customers to economic difficulty when they may need help most."

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