Companies emerged as falsely selling PPI under the facade of IP, shows list
A number of insurance companies have been accused of confusing payment protection insurance (PPI) and income protection (IP) on their websites. In a list given to COVER, 20 companies are listed offering PPI policies under the name of IP. Among the list are moneysupermarket.com, Churchill, Burgesses, myfinances and simplyfinance. Moneysupermarket.com's site says: "On the downside, the main negative point associated with income protection is how much it costs. The policy (regularly referred to as 'payment protection insurance' in this instance) is usually sold alongside a loan or credit c...
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