Income Protection - UK - February 2017
“The need for workers to formally protect income is apparent, and yet the income protection gap is yawning. Many workers simply avoid trying to understand their financial resilience and their financial planning suffers as a result. Providers may be able to increase sales through group policies and by exploring the potential for direct online distribution. Education is still sorely needed, but traditional advice may not be the only way to deliver this.”
Patrick Ross, Senior Financial Services Analyst
This report look at the following areas:
- Group schemes can continue to expand the market for income protection
- People are used to relying on contingency plans that lack certainty
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