CPP Group plc is a British-based company selling life assistance products. It is primarily based in York

York

York is a walled city, situated at the confluence of the Rivers Ouse and Foss in North Yorkshire, England. The city has a rich heritage and has provided the backdrop to major political events throughout much of its two millennia of existence...

 but has subsidiary offices in Tamworth

Tamworth

Tamworth is a town and local government district in Staffordshire, England, located north-east of Birmingham city centre and north-west of London. The town takes its name from the River Tame, which flows through the town, as does the River Anker...

 and Chesterfield

Chesterfield

Chesterfield is a market town and a borough of Derbyshire, England. It lies north of Derby, on a confluence of the rivers Rother and Hipper. Its population is 70,260 , making it Derbyshire's largest town...

. The company also have a specialised office in Timperley

Timperley

Timperley is a village within the Altrincham area, of the Metropolitan Borough of Trafford in Greater Manchester, England. Situated within the historic county boundaries of Cheshire, Timperley is approximately seven miles southwest of Manchester....

 which specialise in the upkeep of Airport Angel, one of its products. It is listed on the London Stock Exchange

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 and is a constituent of the FTSE SmallCap Index

FTSE SmallCap Index

The FTSE SmallCap Index is an index of small market capitalization companies consisting of the 351st to the 619th largest listed companies on the London Stock Exchange main market...

.

History

The Company was founded by Hamish Ogston in 1980 as a provider of card protection insurance. It acquired its Homecare Insurance and Mobile Phone Insurance businesses in 2001, Metris Enhancement Services in 2003 and Leapfrog Group in 2009. It was first listed on the London Stock Exchange

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 in 2010.

Operations

The Company provides protection against loss, theft and fraudulent use of financial cards, identity theft protection, phone protection insurance and travel assistance products.

FSA Probe

On 29 March 2011 the company announced that the Financial Services Authority

Financial Services Authority

The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...

 has launched an investigation into the sale of one of its products to UK customers. The Financial Services Authority's investigation centres around allegations that CPP overstated the risk of identity theft when selling insurance for that purpose. CPP suspended the sale of the product with immediate effect with the intent of creating a new package, possibly without insurance.

CPP have since launched an uninsured product called "Identity Safe" which will replace their existing product "Identity Protection".