The Exeter's Steve Bryan takes a look at how insurers and advisers can make income protection more accessible and understood
If the last 16 months have taught us anything, it's that the nation is unprepared for sudden financial shocks. Millions of borrowers across the UK have taken advantage of financial support since the start of the pandemic. Over 2.6 million mortgage payment deferrals were granted between March 2020 and March 2021[1], and with the government's furlough scheme representing the largest income protection (IP) scheme the country has ever seen, the fragility of people's finances is clear to see. According to research from The Exeter, 70% of working adults in the UK say Covid-19 has made incom...
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