Financial services consultancy, the Lang Cat, has released research that showed 84% of advice firms across the UK offered protection in house.
The data came from the consultancy's State of the Advice Nation (SOTAN) report, it indicated that protection is by far the most common service offered across advice firms. The Lang Cat also said that 51% of advisers surveyed predicted a marked increase in demand for income protection (IP) and life insurance related products in 2025. Advisers were also confident they could meet this demand, with 92% saying so. Future demand could continue a steady upwards trend for IP. The Income Protection Task Force (IPTF) revealed that short-term IP had seen an 82% increase between 2017-2023, wherea...
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