Kirwan calls for unity to prevent further u-turns

clock

The government needs to work more closely with the private sector to bridge the protection gap and reduce the prospect of further policy u-turns, says Nick Kirwan, head of the ABI's protection committee.

Kirwan says there is not a clear strategy at present on how the state and private sector should work together in addressing the protection gap, and he believes this is part of the reason why the government did a u-turn on pension term assurance (PTA). He is therefore speaking to the Treasury to highlight the importance of a joined-up approach in deciding what role protection should play in modern society and how the protection gap can best be addressed. He states: “The PTA debate is a symptom of the state and private sector not working as closely together as it could. What the governmen...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Protection

Protection and pensions: Overcoming challenges faced across both sectors

Protection and pensions: Overcoming challenges faced across both sectors

'Pensions and protection aren't often spoken about in the same sentence'

Paul Yates
clock 11 June 2025 • 4 min read
Training day: How will CPD changes impact protection?

Training day: How will CPD changes impact protection?

Rules may “lead to protection being overlooked”

Cameron Roberts
clock 30 May 2025 • 6 min read
'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read