Watchdog reveals payment protection profits – The Times

Posted January 29th, 2008 in competition, insurance, news by sally

“Insurance policies designed to protect consumers against a loss of income are so profitable that the lenders who sell them can earn revenue of £1,200 on a policy that can cost only £20 to sell, a report by competition authorities revealed yesterday.”

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The Times, 29th January 2008

Source: www.timesonline.co.uk