More People Should Be Helped to Access Cover for Financial Shocks, Says FCA

More people should be helped to access cover for financial shocks, says FCA

Over half of adults do not hold a pure protection product even though many could benefit from them, the FCA said.

LSL welcomes FCA protection study findings but warns only advisers can close protection gap

LSL Financial Services has welcomed the Financial Conduct Authority’s (FCA) interim findings from its ‘Pure Protection Market Study’ describing them as a clear endorsement of a market that is delivering good outcomes for consumers, while recognising that there is still more to do to close the UK’s long-standing protection gap. The FCA’s interim report concluded that the pure protection market is working well in many respects, with high claims ac…

‘Work to do’ to close protection gap but FCA ‘sidestepped’ some issues – reaction

The regulator’s plan to address the protection gap is a welcome move and the market is ready to deliver better customer outcomes, industry figures have said. The post ‘Work to do’ to close protection gap but FCA ‘sidestepped’ some issues – reaction appeared first on Mortgage Solutions.

Closing the protection gap: Beagle Street responds to FCA Review

The FCA’s Pure Protection Market Review confirms that the market remains fundamentally strong, with products generally paying out and customers seeing value. However, it also highlights a persistent challenge: protection remains absent from the daily financial lives of many people. Ryan Griffin, Protection Director at Beagle Street (part of the OneFamily Group), says the findings underline the need for fresh approaches to make protection simpler…

Royal London's protection director, Carrie Johnson, comments on today’s FCA pure protection market study interim report

FCA seeks views on how to help close protection gap

The Financial Conduct Authority (FCA) has called on the insurance industry to help close the protection gap. The FCA aims to help more consumers access