Income Protection

Half of UK adults struggle to keep up with their bills and credit commitments, up from one in three in 2006, research has revealed.

Income protection provider PG Mutual has reported a ‘record increase' in new business for 2013, as the mutual sector has experienced growth during the recession.

British Friendly has created a simplified income protection product to be sold through advisers only.

Two-thirds of people are 'risking' their retirement plans as they have no means of securing income should they be unable to work, new research has revealed.

4.3 million women are the main breadwinners in their households, earning substantially more than their male partners, yet few have any protection policies in place, LV= has said.

The number of short-term income protection (STIP) policies has increased by 120% since 2009, 'outstripping' long-term income protection (IP) sales, research has found.

Over two-thirds of 18-34 year olds are worried they would be unable to maintain their standard of living should they lose their job, yet most are 'unware' of protection insurance.

Clive Waller, co-chairman of the Income Protection Task Force (IPTF), has announced he is stepping down from his role at the end of this year.

Exeter Family Friendly is to launch an adviser marketing toolkit aimed at increasing sales of income protection.

The Department of Work and Pensions (DWP) has announced a further consultation on the mobility component of the new disability benefit, Personal Independence Payment (PIP.)