Industry reacts to FSCP consumer paper

Financial Services Consumer Panel (FSCP) has published a paper entitled ‘Understanding the protection gap', exploring the attitudes of consumers to protection and why they are reluctant to buy it. We reported on the findings of the research yesterday here. In response, Roshani Hewa, head of protection & health at the Association of British Insurers (ABI) said: "Protection insurance provides vital support to those who find themselves unable to work due to illness or injury. Financial resilience, particularly when you have a family, is essential. This report rightly identifies a number ...