Universal Credit clarification has 'duty of care' implications

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 means-testing.   "Universal Credit is far reaching and has implications for all types of pr...