Broker Forum: PPI - possible solution
From the broking.co.uk Broker Forum, July 2010.
Mike Cranny: The problem is that the compensation claims are falling on the broker pot because those that sold payment protection insurance (PPI) have put their companies into liquidation - some have started again in new names. The Financial Services Compensation Scheme (FSCS) only pays when the responsible party is unable to.
This problem will get worse as more companies go into liquidation and more solicitors advertise for business. Even real brokers will go bust.
The losses of the many will
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Howden diversifies with new arm on back of acquisition
Howden has agreed to acquire the insurance and financial services consulting team of Hymans Robertson, marking the formal launch of Howden Insurance Actuarial and Longevity.
Brokers digitally self-servicing hits 90%, Aviva finds
Brokers’ appetite for digital self-service is rising, with 90% now happy to manage business digitally, up 10% year on year, according to Aviva’s latest broker barometer.
Blog: Is an AR boom incoming?
As the number of independent brokers reduces year on year, is the appointed representative model the way forward to bolster competition in the market following years of consolidation? Rosie Simms ponders the question.
Admiral drives into taxi market with broker partners
Admiral Business has teamed up with three brokers to launch into taxi insurance, labelling it a “growing and underserved market”.
FCA proposes 1.4% fee rise for broker block
The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.
People Moves: 23 – 27 March 2026
Follow the latest personnel moves in insurance.
Rotherham-based broker gains Lloyd’s accreditation
Readhunt, based in Rotherham, has achieved Lloyd’s of London broker status.
Interview: TBIG CEO Chris Haggart on unlocking the ambition
“The strategy is not being ripped up and rewritten,” TBIG CEO Chris Haggart tells Insurance Age, as with the “foundations laid” it’s about executing at scale to unlock the ambition.