Protection shake up creates whole-of-life options

PROTECTION

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Traditionally a niche area for wealthy individuals, a recent shake-up in the whole-of-life market suggests this is set to change. Scottish Provident's Jennifer Gilchrist explains.

The Retail Distribution Review (RDR) has finally descended upon us. We are now operating in a whole new world and advisers face the stark reality that, for pensions and investment business, commission is a thing of the past. With the focus now on fees, it is anticipated that more advisers will enter the protection market and this could create a much needed boost to the industry. With the potential to raise more awareness around the value and importance of protection, we could see, not just an increase in sales, but also peace of mind and security for even more clients. For holistic fi...

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