Protection advisers urged to 'save' policies during cost of living crisis

The Association of Mortgage Intermediaries (AMI), Protection Distributors Group (PDG) and Income Protection Taskforce (IPTF) have jointly launched the guide for advisers following similar guidance issued two years ago for the Covid-19 pandemic. A joint statement released last week by the three industry bodies said UK households face the "worst squeeze on incomes in a generation" and, as such, there are concerns policyholders will cancel protection direct debits to make ends meet elsewhere. Research conducted last month by LV= found that 42% of UK adults expect their finances to worsen...