Pioneer moves to fill PPI 'vacuum' with short-term IP launch

It follows the launch of one of the first short-term income protection (IP) products by Pioneer. The specialist IP firm says Bills & Things (B&T) caters for those consumers who want and need cover but can not afford it, and those advisers put off by the perceived complexity of full IP. B&T enables consumers to receive up to £1,000 worth of cover for either one or two years. There is no financial underwriting at application - only proof of employment is required - or claim stage and Pioneer says it can be used as a "pre-cursor" to explaining full IP. Andy Chapman, chief executive of Ex...