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...
Unum has published its third annual claims statement with information on every new group income protection (GIP) claim it paid in the last year.
'Vary in effectiveness'
Cura Financial Services are going to be hosting a live broadcast discussing how advisers can benefit from quirky marketing.
Advisers urged to start planning