ADL under fire from advisers

The industry's use of activities of daily living (ADL) in assessing income protecting (IP) policies has been critcised by a specialist financial adviser. Alan Lakey, principal of Highclere Financial Services, said that the usage of ADL, which he said were "badly designed and flawed", could seriously undermine the industry's ongoing attempts to build itself a reputation for trustworthiness. He said: "You put in loads of good work and one thing ruins it. Why would companies have something like ADL? It introduces stupidity. The sooner we get away from these plans, the better." Lakey said...