Money Marketing
View more on these topics

L&G increases MPPI premiums by 20%

Legal and General has increased its mortgage payment protection insurance premiums by around 20 per cent.

By

The increases, averaging 20 per cent, is part of the provider’s ongoing review and analysis of the MPPI market.

A L&G spokeswoman says: “It was a result of looking at the current risks with the changes in the current economic situation. We felt, unfortunately, that we had to increase our prices to reflect what else is happening in the market.”

The premium increase will vary depending on whether the policy includes accident, sickness and unemployment cover, and over what term the policy has been in force.

Recommended

Rich pickings

The idea of being sufficiently wealthy to be able to live outside the UK while being close enough to take advantage of its commercial and social facilities has been attractive for many people throughout many years.
11

Proof is in the pudding

The figures say it all really. IFAs are responsible for just 3 per cent of complaints to the FOS and only 33 per cent of those are upheld. Banks on the other hand are responsible for 59 per cent of complaints and a whopping 69 per cent are upheld.

Individual thinking

I was away speaking at the Money Marketing retirement summit in Monte Carlo the other week when I was asked a seemingly simple question (over the internet) by one of the members of our ever-growing pension community on Twitter.

Pension poll position

The YouGov/Money Marketing monthly IFA survey shows almost a 50/50 split regarding the issue of whether the Government’s Budget decision to cut pension tax relief for people earning over £150,000 will significantly damage long-term savings.

Newsletter

News and expert analysis straight to your inbox

Sign up

Latest from Money Marketing

Phil Wickenden: Making the transition from intent to action

From retirement planning to wealth preservation strategies, there is a clear and present difference between intention and action. This is a common thread running through much of the research we have undertaken recently. Advisers appreciate the importance of certain (usually more complex) financial solutions; they see the relevance and recognise the market need. Yet something […]

Spring Statement Philip Hammond
2

Hammond defends ‘necessary’ tapered annual allowance

Chancellor Philip Hammond has ruled out scrapping the tapered annual allowance and argues it is “necessary to deliver a fair system and protect the public finances.” MPs questioned Hammond in parliament today about senior NHS clinicians’ tax implications from the tapered annual allowance and annual allowance. They pointed out both allowances are forcing senior NHS […]

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com