Defaqto introduces PMI ratings

The annual rankings for the sector have been introduced alongside the organisation's existing protection categories. As part of the unveiling, the company released research which found that half of those surveyed (49%) do not understand the features of the products they own. It also noted that a quarter (23%) were worried about purchasing a financial product that was not right for them while two thirds (69%) saw price as a very important factor when purchasing financial products. Ben Heffer, insight analyst for protection at Defaqto, told COVER why it had decided to produce ratings...