IP will replace PPI - Defaqto

The market analyst has marked the industry trend by abandoning its star ratings for all PPI products except mortgage (MPPI) related plans and adding in a new category for short term IP. Speaking at the Protect trade body meeting, Ben Heffer, market analyst at Defaqto, revealed that insurers and distributors had jumped ship from most PPI products, with a growth in short term IP taking place. "There's a new trend coming through and that's the short term IP product," he said. "The point of sale prohibition for PPI could be an impetus to create a standalone market for these short term ...