Paymentcare.co.uk has warned brokers that remaining independent is the only way to solve any PPI dilemmas.
The firm's MD, Shane Craig, advised: "The responsibility for ensuring a client’s borrowing commitments are adequately protected is one that must be shouldered by any broker worthy of the name. But the costly one-size-fits-all offerings available to brokers’ customers from lenders are hardly appealing. A tailored solution is what’s needed and that’s exactly what Paymentcare.co.uk specialises in offering.”
Despite some improvements seen by the Financial Services Authority in its latest round of investigations into the mis-selling of PPI, customers are still being let down in several areas and a number of firms have been singled out for further probing.
“Brokers need to be empowered to offer their clients an alternative to the void of affordable PPI left by lenders,” continued Craig. “We offer a flexible, innovative approach specifically designed for brokers’ customers and that is something that is sorely needed in the current climate of doubt surrounding the sector.”
Paymentcare.co.uk loan PPI policies allow brokers to offer their clients comprehensive cover and competitive rates from a trusted name. Brokers can be assured that they have put in place a dependable safety net for their clients should they need it.
As a specialist in PPI, Paymentcare.co.uk can tailor policies to suit differing client profiles and welcomes approaches from companies of all sizes.
“Sourcing a PPI product that suits the customer’s needs best should be a priority for all brokers and intermediaries. The FSA’s findings that PPI is still suffering from poor sales practices should make anyone in the loan industry think ‘what can I do to protect my clients and my business reputation?’” said Craig.
“I would urge all brokers and intermediaries to look at what they can do to arrange their own solutions for their clients’ financial protection. A proactive approach to PPI will bring greater security for their business, their reputation and – most importantly – their clients.”
