Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department, the Financial Conduct Authority or the Financial Ombudsman Service distinguish in regulatory terms between non-insurance contractual debt freeze or waiver products sold as part of regulated credit agreements and Payment Protection Insurance.

I can confirm that non-insurance contractual debt freeze and other waiver products sold as part of regulated credit agreements are distinguished in regulatory terms from Payment Protection Insurance (PPI). The Financial Conduct Authority’s 29 August 2019 deadline for making redress claims for mis-sold PPI applies only to claims in relation to PPI.