It’s not all doom and gloom for Payment Protection Insurance (PPI), general insurer Select & Protect has seen a large increase in sales of Mortgage Payment Protection Insurance (MPPI). This shows that there is still some faith in PPI, although mainly on mortgages as there’s a lot more to lose than with a missed credit card or unsecured loan repayment.

The boost in consumer faith is backed up by the compensation package arranged by the Financial Services Authority (FSA) which will see MPPI consumers receiving refunds totalling over £60 million. Multiple providers have agreed to the package that will involve the handing out of PPI compensation and the reinstatement of cover for those who’s policies have changed.

Related posts:

1. PPI Compensation For Swinton Customers
2. PPI Claims Might Just Dent the £3.8bn Profit They’ve Made
3. Swinton Make Statement After PPI Fine
4. PPI Claims Could Go As Far Back As 1990
5. PPI Claim Numbers Rise But What About Those Yet To Uncover The Truth?