Advisers the key to PPI survival - AMI

clock

A lack of recognition of financial advisers is exacerbating the problems in the payment protection insurance (PPI) arena, according to the Association of Mortgage Intermediaries (AMI).

The AMI says mortgage advisers offer the best avenue for consumers to find the most appropriate deal for PPI and mortgage payment protection insurance (MPPI). The Association has spoken out following a damning report published yesterday by the Competition Commission, which ultimately suggested selling PPI at the point of sale of another product should be banned. Richard Farr, AMI director, says intermediaries have a key role to play in advising consumers about an important insurance product. “We believe that the important role of intermediaries in the advice process has not been fully re...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Cognitive biases in advice and the psychology of insurance

Cognitive biases in advice and the psychology of insurance

A look into client decision making and its effects on protection uptake

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read
Is price really still king? Why the protection market needs to evolve

Is price really still king? Why the protection market needs to evolve

Data and process improvement will be 'battlegrounds of tomorrow'

Paul Yates
clock 18 March 2024 • 3 min read