Protection advisers urged to "save" policies during cost of living crisis

New guides launched

John Brazier
clock • 2 min read

A new guide for protection advisers has been published which focuses on “saving protection policies” during the ongoing cost of living crisis.

The Association of Mortgage Intermediaries (AMI), Protection Distributors Group (PDG) and Income Protection Taskforce (IPTF) have jointly launched the new guide for advisers, following similar guidance issued two years ago for the Covid-19 pandemic. A joint statement released last week by the three industry bodies said that as UK households face the "worst squeeze on incomes in a generation" there are concerns that policyholders will cancel protection direct debits to make ends meet elsewhere. Research conducted last month by LV= found that 42% of UK adults expect their finances to wo...

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