CPP has warned that its performance next year will be "materially below" its 2012 results after agreeing new restrictions on sales of its mobile phone insurance with the Financial Services Authority.

The move follows earlier restrictions on card and identity insurance resulting from an ongoing FSA investigation into the way CPP sold some of its products.

York-based CPP also told shareholders this morning that action taken in the wake of the FSA inquiry could also have a "material impact" on its ability to raise debt ......for the full story register now for free or login below...