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If you took a poll of the British public on their opinion of Payment Protection Insurance (PPI), I should think there’d be a split of two results. Half would probably spit on the ground when you mention the acronym PPI and the other half wouldn’t know what you are talking about.

One thing’s for sure, no-one would sing the praises the insurance cover, unless of course one of the people you asked was Tony Byrne, managing director of IFA Wealth and Tax Management. Unsurprisingly, he isn’t thinking about all the PPI compensation claims when he tells FT his thoughts on the FSA and Payment Protection Insurance.

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