Despite the cost-of-living crisis causing significant financial burden for many consumers, Legal & General's Ali Crossley says it is also an opportunity for advisers to educate and engage with clients about the benefits protection offers.
The financial fallout of the pandemic has unfortunately left many UK households and businesses with an unsustainable burden of debt. While government support helped both people and businesses alike with initiatives like the furlough scheme, it has now petered out and many find themselves feeling the pinch on their finances. To exacerbate this, according to Legal & General's Deadline to Breadline research, one in five households have no savings at all. The current rise in the cost-of-living places further pressure on finances and people are understandably looking for ways to limit thei...
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