Two thirds of protection advisers report cost-of-living hit to business

The research by NMG Consulting found only 35% of mortgage advisers and financial advisers active in the protection space had seen no significant impact on their day-to-day business in the last six months. Mortgage advisers are suffering the most, with 46% reporting a decrease in new insurance policies sold since June.  A drop in new policies was also the biggest reported change overall, by 41% of all the advisers surveyed. Increases in the cost of cover (17%), an increase in policy lapses (17%) and a lower number of benefits sold per policy (16%) were the next most significant hits...