Employees choosing emergency funds over protection products

The Expecting the unexpected: a spotlight on preparing for a crisis report, based on a survey carried out on behalf of Close Brothers by Opinium of 2,000 UK based employees, found three quarters of employees having an accessible emergency saving pot compared to just 6% of UK employees who have income protection. The report found that whilst the vast majority of workers in large organisations have held an insurance policy in the last 12 months (90% - mostly car (69%) and home insurance (68%)), far fewer have arranged products designed to protect their financial, mental and physical health...