Cost of living crisis: Should the industry do more to protect employees?

“Advisers need to do the digging and help their clients by signposting”

Hemma Visavadia
clock • 6 min read

Hemma Visavadia examines the role the protection industry has to play in supporting employees through the cost of living crisis and how far the responsibility to intervene and provide aid extends.

The east wind has hit the UK. Spearheaded by Russia's aggression in Ukraine, the subsequent consequences have given rise to the cost of living crisis; an amalgamation of rising inflation, mortgage rates, energy costs and more. As a result, hardworking individuals are feeling the brunt, with little respite ahead of them. The Government has intervened through energy caps and one-off relief payments, but as winter nears, people will need more extensive support. The Financial Conduct Authority (FCA) recently said that it has heard the calls from customers asking for more support and has s...

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