The Syndicate

Despite public confidence in protection, most people would rely on support from partners and savings to survive if needed

Less so if cause of death is heart attack or lung cancer

Almost most two-thirds believe protection products are too expensive

The CEO of Cirencester Friendly has said that a statistic of claims paid on its own ‘doesn't mean very much'.

Members of The Syndicate questioned the usefulness of claims statistics from insurers at the launch of its annual report.

Buying an insurance product to fund one's own care in old age is almost twice as popular as taking out an insurance product for relatives' care needs, research for The Syndicate has found.

Consumers believe their savings would be more useful to them if they were off work for more than six months than income protection, research has found.

Consumers are becoming confused and lack clear guidance when it comes to their savings and insurance, industry research body The Syndicate has found.

The need for a greater degree of product flexibility has been highlighted by research from The Syndicate.

The protection industry needs a "kick up the bum" and a "spark of passion" injected into it if it is to address the needs of modern consumers, the Protection Review has said.