Which? has endorsed income protection (IP) as the superior alternative to payment protection insurance (PPI).
It recommends the product compared to what it calls "over priced" PPI. The consumer watchdog has also supported the IFA community by recommending consumers to seek independent advice when buying financial products, rather than simply accepting the word of sales people. PPI has been widely discredited while suffering a significant backlash from both regulators and the public, and being labeled as one of the top ten most useless financial products in Which?'s Money Quarterly magazine is another nail in its coffin. According to the publication, adding PPI to a £7,500 five-year loan co...
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