PPI provider offers 30% commission
Online payment protection insurance (PPI) provider Paymentcare is offering a 30.8% commission to brokers who switch clients' policies to one of its products.
This comes after redress paid by banks to consumers who were wrongly sold PPI hit £1bn in December in the wake of the PPI mis-selling scandal. Paymentcare already pays 28% commission on mortgage PPI...
More on MPPI
Claims management company regulation must be tightened - Which?
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).
Watchdog rejects claims management ad gripe
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.
Protection watch
PROTECTION WATCH
Lloyds reports £3.5bn loss
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.
More news
Advice app OpenMoney updates money management features
To help meet savings goals
Libby Holding: Can estate planning help tackle care fees?
Residential care fees are a hot topic at the moment, says Libby Holding, with increasing media coverage of people who have had all of their life savings and assets swallowed up by care fees in their later years...
Woodford Equity Income suffers £150m writedown
Adjustment to value of unquoted assets
Rory Percival 'surprised' over latest FCA consumer harm warning
Regulator outlines adviser expectations for 2020
FCA says lack of proper PI cover places 'unfair' burden on FSCS and firms
Dear CEO letter sent today
