Chris Cummings, Director General of the AMI, said: "We maintain that MPPI should be excluded from the investigation due to the robust and principally advised sales process from which consumers benefit. MPPI is very different to other forms of PPI under investigation, such as credit cards or unsecured personal loans. We again urge the Competition Commission not to take a one size fits all approach to their investigation.
"We were pleased to see confirmation that the prohibition of the active sale of PPI by a customer within 14 days of the sale of credit had not been applied to intermediaries and only distributors. However, we also call again for the Commission to acknowledge and understand the benefits to consumers of using intermediaries who act as agents of the client."
