View more on these topics

British Insurance launches MPPI product

British Insurance has launched a MPPI product for homeowners under shared ownership schemes.

The policy, given a five star rating from Defaqto, will help homeowners who have part-purchased their property meet monthly mortgage payments should sickness or unemployment occur.

It features one-day payouts, age-related premiums and a choice of cover options. It also offers free health, employment and legal cover.

British Insurance managing director Simon Burgess says: “All householders should be able to protect the payments they make and keep their home, whether it’s those with mortgages or those with rent and buy agreements.

“We all have a duty of care to help everyone keep their homes in times of economic uncertainty.”

Burgess now hopes the move will encourage other insurers to follow in its path.


Investors flow out of offshore

Retail sales of offshore funds saw outflows of 164.7m in June and the total of offshore funds under management fell by 6 per cent compared with the previous month.

Stand your ground

There was probably a quiet celebration in the offices of the Financial Ombudsman Service in South Quay Plaza in London after recent wins in the Court of Appeal involving the long-running dispute with IFA firm Heather Moor & Edgecomb.

HBOS sees loan share dive to 7%

HBOS’s share of net mortgage lending plummeted to 7 per cent for the first half of this year, with profits tumbling by 56 per cent from £2.139bn to £950m.

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm