MPPI aims to 'treat customers fairly'

clock

A mortgage payment protection insurance policy designed to meet treating customers fairly principles has been launched by CETA Insurance and Cardif Pinnacle.

The policy includes various "back to work" initiatives for people who become unemployed such as text messaging, CV writing assistance, jobseeker guides, a support website and face-to-face employment workshops, while people who are too ill to work will have access to medical advice. The policy will start paying out 30 days after the policyholder is unable to work because of accident, sickness or unemployment. David Quick, managing director of CETA, claims the product will address the recent criticisms of PPI and meet “real customer needs”. He states: “Much of the concern about MPPI stem...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Protection advisers concerned about rising costs and market pressures

Protection advisers concerned about rising costs and market pressures

One-third see cost of doing business as biggest challenge

Jaskeet Briah
clock 30 January 2025 • 2 min read
Wealth advisers urged to 'stand out' and up protection services

Wealth advisers urged to 'stand out' and up protection services

Knowledge of both sides ‘makes a massive difference’

Isabel Baxter
clock 28 January 2025 • 4 min read
Training course launched for wealth advisers to address protection gap

Training course launched for wealth advisers to address protection gap

‘It is crucial to engage wealth advisers who have withdrawn from protection post-RDR’

Isabel Baxter
clock 17 January 2025 • 2 min read