Protection experts discussed the impact the ongoing cost of living crisis is having on conversations between advisers and clients during a recent COVER webinar, Talking Protection in a Cost Crisis, in association with Guardian.
The cost of living crisis has dominated new headlines in recent months and is set to plunge the UK into further economic turmoil as the year goes on. This, invariably, translates to concerns around how protection advisers are able to talk to clients about existing and potential cover as consumers seek to limit what they perceive to be unnecessary spending. The depth of the problem shouldn't be underestimated by either adviser or consumer; Guardian's actuarial director, Nischal Singh, highlighted that the Bank of England expects inflation to hit 10% later this year, depending on how price...
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