The Department of Trade and Industry's (DTI) working party on payment protection insurance (PPI) will meet next week and complete its report by the end of the year.

The DTI working party was formed in response to the DTI Consumer Affair Directorate's criticism of PPI selling practices.

Its report on tackling "overindebtedness", released earlier this year, found PPI had been sold to consumers who did not understand the product or realise it was optional. It also found PPI was sold to consumers who did not fit the qualifying criteria and so would never have been able to make a claim.

The Association of British Insurers (ABI) and the General Insurance Standards Council (GISC) are on the working party, which has met once before.

A DTI spokeswoman said next week's meeting would be followed by another before Christmas.

Topics