Two fifths (42%) of self-employed people mistakenly believe they are not eligible for income protection insurance according to research from LV=.
Just 4% of self-employed people have income protection, compared to a national average of 11%, the insurer's survey also found. In addition 2 million self-employed are unable to save any money each month leaving them vulnerable to financial shocks. With the number of self-employed workers now close to five million, the second instalment of LV='s ‘Income Roulette' report - a study of debt, savings and protection among 9,000 people - explores how the self-employed would cope with an unexpected...
There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The government will immediately give NHS trusts £350 million to allow them to plan for the winter, Chancellor Philip Hammond has announced in the Autumn Budget.
British Friendly has introduced an online Adviser Toolkit to encourage income protection sales.
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.