UK style PPI scandal about to hit Australia?

[Andrew from Vista Financial]

Following ASIC surveillance, one of Australia’s big four banks will write to more than 10,600 insurance customers and offer to refund any premiums paid for insurance cover they did not need.

 

http://www.mortgagebusiness.com.au/breaking-news/9086-bank-to-refund-customers-over-unwanted-mortgage-insurance?utm_source=MB&utm_campaign=MBNewsflash29_10_2015&utm_medium=email

 

 

Is this just the start of things to come!!!

[John Browning]

this might have been interesting if you had taken the trouble to write out P P I in full