iPipeline reports fall in protection sales in 'challenging climate'

Sales via the adviser portal have fallen 2.7% so far in the fourth quarter, compared to the same period in 2021. Paul Yates, strategy director at iPipeline, said the figures represent the impact of the cost-of-living crisis on households and trouble in the mortgage market. He said: "We are clearly in a challenging economic climate as the cost-of-living crisis is biting consumers. "Meanwhile the mortgage market has shown signs of an early shutdown following a frenetic Q3 on the back of rate rises and reducing volume of new mortgages." Yates said he expected "obstacles" in the mor...