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

Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Regulator tells delegates at COVER Summit North conference

Jaskeet Briah
clock 27 March 2025 • 3 min read
Building on the Friendly Society legacy

Building on the Friendly Society legacy

Response to Law Commission consultation

Andy Morris
clock 27 March 2025 • 4 min read
Spring Statement 25: Update on welfare reform

Spring Statement 25: Update on welfare reform

OBR confirms saving

Jaskeet Briah
clock 26 March 2025 • 4 min read