The ABI's Nick Kirwan takes a broad view of the individual IP market and investigates whether the Protection Committee can save the lagging product from its current state of limbo.
For the last 20 years at least, people have been asking when there will be a breakthrough in the individual income protection (IP) market. Now, the industry seems determined to sort out the position once and for all. But is individual IP actually broken? And if it is, does it require an industry-led solution to fix it. It is important to be able to answer these questions because without the answers competition law prevents competitors getting together to produce industry-wide solutions. For the industry to be able to work on solutions together, it has to be able to persuade the Financial ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
