Advisers believe the Consumer Duty will increase focus on protection although levels of engagement with products remains low among IFAs and mortgage advisers, according to the Association of Mortgage Intermediaries (AMI).
The Association's upcoming annual Protection Viewpoint Report, The Great Protection Shift, shows the just under half of IFAs and mortgage advisers (44%) said that new guidelines will increase focus on protection products. Around one third (31%) believe the new rules for advisers to avoid causing foreseeable harm to consumers will not cause any change, while 2% believe it will reduce focus on protection products. However, a significant proportion of advisers in the mortgage space are still not engaging with protection products according to the report, with around one in three (37%) adv...
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