PPI provider offers 30% commission

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 and buildings and contents insurance business. It is now offering a 10% increase on its usual commission rates for brokers who transfer policies from other providers to Paymentcare. Paymentcare also pays 20% commission on short term income protection, or 22% to brokers transferring clients from rival providers. Shane Craig, managing director of Paymentcare, said: "I urge all brokers ...