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.

‘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 products that support them and their families if they become critically ill or die. The interim findings of its competition…The post FCA seeks views on how to help close protection gap appeared first on Mortgage Strategy.

FCA seeks views on how to help close the protection gap

The Financial Conduct Authority (FCA) has called on the insurance industry to help more consumers access products that support them and their families if they become critically ill or die. The FCA’s interim findings from its competition review of pure protection products found that 58%… The post FCA seeks views on how to help close the protection gap appeared first on Money Marketing.