Protection grows up: advisers finally get the full picture

After years of campaigning for full transparency of providers’ protection pay-out figures, financial advisers are now in a position to make a fully informed decision on which policies to recommend to clients. Or are they? Friends Life last week became the last major provider to publish the proportion of income protection (IP) claims it pays out annually, meaning rates for IP, critical illness (CI) and life cover are all publicly available. But could providers do more with the statistics they collect? Pressure has been growing on life companies to reveal their IP pay-out rates, but rec...