'Industry must address misconceptions around protection', says Royal London
The Office for National Statistics (ONS) Wealth and Assets Survey, published on Wednesday, found nearly half (48%) of people aged 16 to 24 said they would not be able to make ends meet for longer than one month if they lost the main source of income coming into their household. In response, the industry must make a 'concerted effort' to address misconceptions around income protection, Royal London has warned. Head of protection solutions for the insurer, Toby Bainbridge, said the industry must...
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