How can annual protection statements be implemented?

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F&TRC's Kirsty Tanner discusses how annual protection statements could work and the standards that insurers should consider adhering to.

There is widespread agreement on the importance of persuading more consumers to have sufficient protection insurance. While insurers invariably focus on selling to new customers the adviser community is increasingly committed to making sure existing clients maintain the right cover. Pressing insurers to provide annual protection statements is seen as a key objective. This is no new concept; many high profile individuals and firms have long campaigned on the issue. However, so far only a handful of...

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