Universal Credit clarification has 'duty of care' implications

Confirmation from DWP that lump-sum pay-outs will not be means-tested has 'implications for all types of protection insurance'
Justin Harper, head of protection policy for LV=, has welcomed yesterday's clarification from the Department of Work and Pensions (DWP) regarding Universal Credit following years spent lobbying as part of Building Resilient Households Group (BRHG). However he also pointed out that responsibility now falls upon the industry to tailor advice and develop products accordingly, in order to take advantage of the DWP's decision to allow life insurance and protection lump sum pay-outs to be exempt from...
More on Regulation
ActiveQuote develops 'revolutionary' sales process
Alongside Cardiff University
Guardian hires Jeremy Gibson as CFO
Brings over 25 years’ experience
Over half of households worse off financially due to Covid
Study by Lowell shows
Matthew Chapman: Seven things I want to see in 2021
‘Change can be extremely positive’
Watch our Blue Monday webinar on demand
'Business as usual? Mental health and wellbeing in a post-pandemic era'