PPI is payment protection insurance and in the UK it has been the subject of a lot of controversy in recent years. The big problem is not so much with PPI itself as with the way UK banks had been selling it to customers who didn’t really want it in the first place. The idea of getting some form of protection to make sure that you are covered in the event of anything untoward happening to you has perhaps been tainted in Britain but across in continental Europe it is going strong. Recent research carried out by the consultancy...