Shepherds Friendly defies PPI concerns with MPPI launch

The Manchester-based firm says its MPPI product is a no-risk accident and sickness policy that reflects individual mortgage product terms. It provides up to five years of cover to ensure the full term of the customer’s special mortgage deal is covered. At the end of the special deal period the policy will be reviewed and amended to reflect the new mortgage deal and payments. Over the last 18 months, the FSA has issued over £1.8m in fines to companies that have been found to mislead customers with PPI products – and it is continually assessing companies’ policies and procedures with re...