'Advisers are avoiding PTA'

The survey of 206 advisers, carried out in June, reveals 43% of advisers said they have recommended PTA since 6 April over other types of cover. When asked why they had not recommended PTA, 43% said they felt it was not appropriate for their client base and 26% said current contracts do not fit with client needs, for example not offering combined life and critical illness (CI) cover. A further 12% suggested the inability to add on rider benefits such as CI and waiver was a key reason for not recommending PTA, while 10% said there was not enough provider choice in the market. The ma...