How to tell if you’ve been mis-sold PPIPPI - rules before 2005

Before 14 January 2005, most firms or advisers selling PPI would be covered by a code of practice set by one of three trade bodies:

• The Association of British Insurers (ABI)
• The General Insurance Standards Council (GISC)
• The Finance and Leasing Association (FLA)

All three codes of practice required advisers to provide information at the time the insurance was taken out, to help you decide if the policy was suitable for you.

Essentially, advisers and firms were required to cover the same points as they do according to the current rules.

No extra requirements for advice

The main difference between sales before and after regulation is that all sales before regulation were 'non-advised', as the 'advised' regime didn't come in until regulation was introduced.

So, even if your policy was sold to you before 14 January 2005, if the adviser didn't cover the points under 'all sales' on the PPI – the rules page, then you may have been mis-sold and should make a complaint.

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