IP: Provider's rapid exit from the market could be a wake-up call for brokers
Paymentcare has set up a special IFA helpline to assist the thousands of consumers who have been abandoned by Cardif Pinnacle following its decision to withdraw its income protection (IP) scheme at the end of July. In response to Cardif Pinnacle's move, Paymentcare is now offering its services to the 3,000 who have been left without cover. All customers switching to Paymentcare will be provided continued cover, with no initial exclusion, no matter what their occupation. Commenting on Cardif Pinnacle's decision to withdraw, Shane Craig, managing director of Paymentcare, said: "It is no wo...
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