Alliance & Leicester, Barclays, The Co-Operative Bank, Lloyds Banking Group (including Lloyds TSB, Halifax, and Bank of Scotland), and RBS /Natwest are to stopped selling single premium Payment Protection Insurance ( PPI ) with unsecured personal loans by the end of January 2009. Some of these banks now offer or plan to offer regular premium PPI instead of a single premium product. Jon Pain managing director of retail markets and regulator the Financial Services Authority ( FSA ) welcomed the move, saying: "We are pleased these firms have stopped selling single premium policies and would expect other firms to notice these developments and review their own positions. A PPI product can be helpful for customers wanting protection on a specific credit agreement, as long as the policy is sold appropriately." The FSA has been concerned for some time that insurance covering the repayment of personal loans may have been poorly sold, particularly where the borrower pays a single, upfront amount for the policy.