Advisers flag dip in number of clients ending protection policies

Comes amid a year of change

clock • 1 min read

Over a third (36%) of advisers have seen a reduction in the number of clients who are cancelling their protection policies, according to research from Royal London.

A survey of 503 respondents conducted by the mutual alongside research agency Opinium last month found 36% of advisers have observed this drop in policy cancellations.  The group's broader research focused on the continuing impact of a tough economic environment on client behaviours. It found 41% of advisers are having more conversations with clients about investments and the economic environment compared to two years ago at the start of the cost-of-living crisis in late 2021. Royal London pensions expert Clare Moffat said: "The last few years have been challenging for many, no matter...

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