Ruth Gilbert takes a deep dive into the drivers of protection growth in recent years
In November, we reported income protection sales numbers from the Financial Conduct Authority (FCA) showing 2019 to be reaching the best levels for 15 years. Respective contributions of potential driving factors outlined in that article for the previous decline and current renaissance are a matter of speculation, but we can be sure the efforts of the Income Protection Task Force, including their Seven Families campaign, from which we still benefit today, can only have helped. Other driving factors for income protection can be expected to be shared across the protection market as a whole....
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