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...
There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The government will immediately give NHS trusts £350 million to allow them to plan for the winter, Chancellor Philip Hammond has announced in the Autumn Budget.
British Friendly has introduced an online Adviser Toolkit to encourage income protection sales.
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.