Mortgage payment protection insurance (MPPI) is constantly criticised for its failings in comparison to income protection (IP). But what advantages does the product have and in what instance is it a more suitable product than IP?
Market views Ronnie Martin, Adalta Consulting The life protection sector seeks to compare MPPI products with IP. However, such comparisons are not valid and could be damaging since the underlying products...
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).
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.
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.
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