Industry reacts to FSCP consumer paper

Adam Saville
clock • 3 min read

ABI makes statement on consumer panel findings while key protection figures welcome call for Universal Credit means-testing exemption

Financial Services Consumer Panel (FSCP) has published a paper entitled ‘Understanding the protection gap', exploring the attitudes of consumers to protection and why they are reluctant to buy it. We reported on the findings of the research yesterday here. In response, Roshani Hewa, head of protection & health at the Association of British Insurers (ABI) said: "Protection insurance provides vital support to those who find themselves unable to work due to illness or injury. Financial resilience, particularly when you have a family, is essential. This report rightly identifies a number ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Most firms unable to meet bereavement claims performance levels: FCA

Most firms unable to meet bereavement claims performance levels: FCA

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
Record-high receipts for IPT and employer NICs

Record-high receipts for IPT and employer NICs

HMRC data

Cameron Roberts
clock 21 November 2024 • 2 min read
Chancellor targets FOS modernisation and FCA consultation

Chancellor targets FOS modernisation and FCA consultation

Consultation part of the advice guidance boundary review

Isabel Baxter
clock 15 November 2024 • 3 min read