'MPPI must be excluded from PPI referral'

In his response to the Office of Fair Trading’s PPI market study, Rob Griffiths, associate director of AMI, says the MPPI sector is a unique sector and should be viewed differently to the other PPI markets identified by the OFT. He states: “In the report, OFT itself calls MPPI ‘something of a special case within the PPI sector’ and AMI’s belief is that its special nature, especially the robust MPPI sales processes that have been adopted by mortgage intermediaries, mark the sector out as distinct.” While AMI shares some of the OFT’s concerns about how consumers buy PPI, it is worried abo...