A recent FOS decision has raised the stakes on payouts for mis-sold MPPI products; explains Richard Walsh.
The decision was about MPPI sold to the self-employed and how much compensation should be paid. The link can be found HERE: Sesame MPPI FOS judgement The company argued that because the mis-selling only applied to the unemployment aspect of the policy only the proportion of premiums related to that element of the policy should be refunded. But Ombudsman Caroline Stirling said: "I'm not persuaded Mr and Mrs M would have bought this policy at all if the restrictive terms for self-employed...
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