The latest Mortgage Intermediary Census on Payment Protection Insurance (PPI) reveals there is widespread support for the "de-linking" of PPI from associated mortgage products and the "de-bundling" of the individual elements of accident, unemployment and sickness.
Published by the Association of Mortgage Intermediaries (AMI), the March Census showed 92% of respondents supported “de-linking”, which would allow customers to choose a PPI provider which is separate from the lender, and would mean PPI would not be compulsory with any mortgage scheme, allowing advisers to compare the terms available from different PPI providers. Figures from the survey, also revealed 93% agreed with the idea of “de-bundling””, which allows each benefit to be bought separately, as appropriate to the customer’s sick pay or other relevant circumstances. AMI says sales of ...
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