Providers hit back at PTA unpopularity claims

clock

Providers have hit back at claims many intermediaries are not considering pension term assurance (PTA) as an option for their clients.

A recent survey by IFA portal Assureweb suggested more than half of the 500 intermediaries surveyed (57%) are not considering PTA as an option, with some unaware of the product’s tax saving benefits and others confused about the regulatory regime. Stephen Wynne-Jones, director of sales and marketing at Assureweb, says: “The fact that so many advisers are steering clear of PTA, despite its well-documented benefits, is a concern that needs to be taken seriously. The industry as a whole needs to do more to reinforce the important part this product has to play in the financial advice market.”...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Shifting demographics: Post-Budget protection conversations

Shifting demographics: Post-Budget protection conversations

Emerging market for people aged 45 and upwards

Naomi Greatorex
clock 18 February 2025 • 3 min read
Supermarkets, fast cars, and protection insurance

Supermarkets, fast cars, and protection insurance

'I would argue this is a perfect example of an efficiency gap'

Paul Yates
clock 10 February 2025 • 3 min read
Protection advisers concerned about rising costs and market pressures

Protection advisers concerned about rising costs and market pressures

One-third see cost of doing business as biggest challenge

Jaskeet Briah
clock 30 January 2025 • 2 min read