MPPI
Lloyds reports £3.5bn loss
Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.
PPI provider offers 30% commission
Online payment protection insurance (PPI) provider Paymentcare is offering a 30.8% commission to brokers who switch clients' policies to one of its products.
Protection products most complex - ABI
Critical illness (CI) and mortgage payment protection insurance (MPPI) are among the most complicated financial products for consumers to understand, the ABI has found.
Blog: FSA is willing to listen to the protection market
The FSA is currently consulting on its guidance for payment protection insurance (PPI) and potential replacement products such as short-term income protection (STIP).
Five things your clients will call you about this week
Nationals round-up: A look at ethical investments, predictions about commodity prices and a guide to Junior ISAs...
Short-term IP guide educates spooked PPI customers
A buyers' guide to short-term income protection (IP) and mortgage payment protection insurance (MPPI) has been launched to assist consumer awareness of the products.
Getting away with murder?
When murder is the cause of a claim, life insurance can be a deadly business. But, ask Alex Forsyth and Alex Isted, how do we deal with such cases?
MPPI: Rising from the ashes
Protecting the biggest purchase a person is likely to make should be a key decision. Owain Thomas asks whether mortgage payment protection insurance is still a worthwhile option.
Risk Clinic: MPPI and PPI concerns
Several clients have come to me with queries about existing mortgage payment protection insurance (MPPI) and PPI policies. I don't have the time to read all the policy documentation, but given the current situation in the PPI market for Treating Customers...
IP will replace PPI - Defaqto
Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).
Assurant Intermediary launches new ASU policies
Assurant Intermediary has launched new Accident Sickness and Unemployment (ASU) products it said are an antidote to problems plaguing payment protection insurance (PPI) in recent years.
Blog: Mortgage Payment Protection - always worth checking
Andrew Clothier reminds that many with mortgage payment protection products are over insured or not insured at all.
IFAs warned on soaring PI premiums
IFAs are set to be hit with a hike in professional indemnity insurance (PII) premiums as increasingly selective insurers respond to a sharp rise in claim values, warns Tenet.
LV= amends and reduces cost of MPPI cover
LV= has announced improved flexibility and lower pricing for its mortgage and lifestyle protection product.
Cardif Pinnacle to supply MPPI for Yorkshire BS
Cardif Pinnacle has signed a five year contract to supply Mortgage Payment Protection Insurance (MPPI) to mortgage borrowers at Yorkshire Building Society.
FSCP applauds FSA action on MPPI
The Financial Services Consumer Panel (FSCP) has welcomed the announcement of FSA action and an industry-wide refund on Mortgage Payment Protection Insurance (MPPI) totalling £60m.
FSA and firms reach agreement on MPPI
The FSA and Mortgage Payment Protection Insurance (MPPI) firms have agreed an industry-wide package of measures for consumers.
BREAKING NEWS
New product launch puts Paymentshield back in standalone MPPI market
The product lives on
Insurers try to restore broker confidence in MPPI
AMI urges removal of MPPI from inquiry
Mortgage PPI must be excluded from the Competition Comission's investigation into payment protection insurance, the AMI argues.
A dismal picture
There is no doubt about it, 2009 is set to be yet another depressing year for MPPI. Inextricably linked with the mortgage industry, Peter Carvill asks how the product will fare Click here to download pdf (PDF, 1.57MB)
Andrew Strange - A beady eye
Aifa's new policy director talks to Paul Robertson about issues affecting IFAs - from challenges of the RDR, to TCF deadlines and the ongoing PPI investigation - plus Kylie Minogue
Insurer blames FSA for lack of protected mortgages
Struggling homeowners may be at increased risk of home repossession because of the FSA's investigations into loan protection insurance, according to CETA Insurance.
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