What’s at stake: Mechanical breakdown insurance (MBI) comes with a long list of exclusions and offers no more value than the Consumer Guarantees Act, consumer advocates say.
Background: They hope the incoming Conduct of Financial Institutions regime will give the car finance ‘add-ons’ sector a shakeup.
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
What’s at stake: Mechanical breakdown insurance (MBI) comes with a long list of exclusions and offers no more value than the Consumer Guarantees Act, consumer advocates say.
Background: They hope the incoming Conduct of Financial Institutions regime will give the car finance ‘add-ons’ sector a shakeup.
