Advisers 'not properly supported' on Universal Credit

ABI seeks IP clarification

Adam Saville
clock • 4 min read

Top adviser feels 'let down' by industry bodies and product providers over lack of communication

Moneysworth director, Andrew Wilkinson, has voiced his disapproval that advisers were not informed sooner about potential complications in the way Universal Credit (UC) entitlement might interact with income protection payments. On Friday we reported that a study by the New Policy Institute, commissioned by the Association of British Insurers (ABI), found that while entitlement to Universal Credit (UC) does not impact on the amount of any individual income protection (IP) payment, it can have significant impact on the net value of the payment, as it can reduce, or in some cases disqualif...

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