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Indout96 wrote: »

I also think that this banding of product could be the next miss-selling claim ?? - we are already hearing claims companies on radio adverts talking about claiming for grouping of bank accounts with "free" travel insurance ect and saying that people may have a claim for miss-selling.

Why?

Its not the product in any of these cases that are at fault but the way it is sold. Package bank accounts are the next target because the theory is that people are being "advised" to take them out without a proper demands and needs assessment being done to ensure it meets their needs.

The reality is that almost no personal lines GI is sold on an advised basis these days outside of HNW or some highly specialist lines and so it isnt a case of being "miss sold" but having "miss bought".