A third have 'never reviewed protection needs'

The survey of people’s attitude to financial protection comes ahead of an underwriting and claims education campaign by Scottish Equitable at the end of September. Of the 1,536 people surveyed 32% said they have never reviewed their protection needs, while 24% reviewed their needs over a year ago, 14% reviewed them six to 12 months ago, 12% reviewed them three to six months ago and 18% did so within the last three months. Matt Rann, head of underwriting at Scottish Equitable, believes the statistics highlight the scale of the protection gap and says the industry needs to engage consumer...