Advisers 'not properly supported' on Universal Credit

ABI seeks IP clarification

Adam Saville
clock • 4 min read

Top adviser feels 'let down' by industry bodies and product providers over lack of communication

Moneysworth director, Andrew Wilkinson, has voiced his disapproval that advisers were not informed sooner about potential complications in the way Universal Credit (UC) entitlement might interact with income protection payments. On Friday we reported that a study by the New Policy Institute, commissioned by the Association of British Insurers (ABI), found that while entitlement to Universal Credit (UC) does not impact on the amount of any individual income protection (IP) payment, it can have significant impact on the net value of the payment, as it can reduce, or in some cases disqualif...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: Budget 25 edition

The COVER Review: Budget 25 edition

Joined by Broadstone's Brett Hill

COVER
clock 28 November 2025 • 1 min read
Budget 25: Maintaining IPT rates a missed opportunity

Budget 25: Maintaining IPT rates a missed opportunity

Rate remains at 12%

Cameron Roberts
clock 27 November 2025 • 2 min read
Budget 25: Protection industry reacts

Budget 25: Protection industry reacts

The NHS is "playing ‘catch up'"

Jaskeet Briah
clock 27 November 2025 • 5 min read