July 12, 2010
Broker network director fined over PPI failings
David Head failed to properly supervise insurance brokers that he knew had close links with a firm and individual previously disciplined by the regulator for Payment Protection Insurance (PPI) failings. Investigations revealed that while FTCS recruited mortgage and insurance brokers as appointed representatives, it lacked the systems and controls to ensure that its agents made suitable recommendations. In cases where single premium PPI was sold, representatives of the …
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Broker network director fined over PPI failings
Filed under MPPI, UK Insurance by on Jul 12th, 2010.
Comments on Broker network director fined over PPI failings
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Thanks for the positive feedback on the post, everyone! I appreciate it. Container Sales Australia—how is business? Has there been a drop in shipping? What is your take on the Baltic Dry Index? Let us know if you return.Solbama–there is no way to trace the derivative scam, from what I have read. These securities were so carved up by speculators, insurance brokers, such as AIG, and dealers who solely were in the business to carve up what they bought and then sell again. It was only paper with no capital behind them, once they went down the line. Some estimate that there was a worldwide value of $1000 Trillion at its peak.Hey Carl—THANKS!
Movie star money < network director money
Area Business Development Manager – Manchester – Up to £75k Our Client, a market leading insurance company are looking for an Area Business Development Manager who has a strong emphasis on sales to the broker network in the SME market. The Role You….
I work at an insurance broker and it is really boring! Yes, the video has made it look reaaaaalllyyy boring haha but at my broker the phones are going off and I have to scan documents. It’s boring.
I think if you live in the UK and you have a mortgage, you should consider some form of UK mortgage protection like this. As far as I know British insurance offer the best and most affordable policy available today. Unfortunately i was not aware that I didn’t have to go to my mortgage provider to get cover for mortgage payment protection insurance..I think I paid about twice that for my MPPI insurance. Ah well, at least it kept a roof over my head!