Sales of mortgage payment protection (MPPI) are slowly increasing, but there are still wide-spread misconceptions about both the product and what the State will provide if people are unable to work due to sickness, disability or unemployment, as Ben Marquand discovers
Following the initiative to boost minimum standards on MPPI policies from the Association of British Insurers (ABI) and the Council of Mortgage Lenders (CML) in 1999, there has been an increase in the...
Consumer watchdog Which? has today called on the Justice Secretary Ken Clarke to investigate creating tougher regulation around the activities of claims management companies (CMCs).
The Advertising Standards Authority (ASA) has rejected a complaint that an advert for a claims management firm was misleading, after consumer bodies have warned against the firms.
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.
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