This is some text prior to the author information. You can change this text from the admin section of WP-Gravatar To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this authorPayment Protection Insurance News: Insurance provider Axa has ended its contract with Berkeley Alexander to underwrite two of its mortgage payment protection insurance (MPPI) offerings. As of March 31st, the underwriting contract will end and as a result, commission payments on some MPPI products sold via the broker have been cut to 15%.
There has been a few changes at AXA over the last year, in March 2009 the broker withdrew its Payment Protection Insurance products for new customers, also known as accident, sickness and unemployment cover. Speaking about the withdrawal from the MPPI contract, an Axa spokeswoman said: “This particular scheme is quite small and, in consultation with the broker concerned, we will no longer underwrite this product after March 31.”
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