We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage protection policy ?? Plevin
Annie2018
Posts: 6 Forumite
I had a mortgage protection policy between 2001 and 2010 with standard life. I was never informed about the proportion of the premium which was commisssion. Do I have a claim case under Plevin?? Any advice appreciated.
0
Comments
-
I had a mortgage protection policy between 2001 and 2010 with standard life.
Standard Life are a life assurance company. I am not sure they did MPPI. Could it have been income protection or life assurance (their life assurance for mortgages was called mortgage protection).
Standard life quotes have given the commission figure on them since 1995. So, your allegation doesn't seem likely.I was never informed about the proportion of the premium which was commisssion.Do I have a claim case under Plevin??
No
1 - Not sure you have MPPI
2 - You fall outside the plevin dates for mortgages
3 - Unless it was a Halifax case, plevin wouldnt apply anyway
4 - Std life show commissions on their quotes and you get the disclosure twice (at point of sale and again with the cancellation rights which follow in the post).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards