A quarter only recommend PTA for high rate taxpayers

clock •

A quarter of advisers will only use pension term assurance for higher rate taxpayers, according to research from Standard Life.

A survey of 206 advisers in June found 28% said they will only use PTA for higher rate taxpayers where the tax relief makes a significant difference to the premium. But 54% disagreed, suggesting they will consider PTA as part of a protection sale irrespective of the tax status of the customer. A further 70% said they will consider PTA for all new protection clients, while 17% said they would continue to ignore PTA as part of the advice process. A key reason why advisers will not recommend PTA is the inability to include accelerated critical illness cover – 24% of protection special...

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

Why IHT on pensions is a protection advice opportunity

Why IHT on pensions is a protection advice opportunity

Pension accumulation can no longer be considered separately from protection and estate planning

Naomi Greatorex
clock 23 September 2026 • 3 min read
FCA's Reynolds: 'We want to see a real improvement in financial inclusion because it matters'

FCA's Reynolds: 'We want to see a real improvement in financial inclusion because it matters'

In conversation with Graeme Reynolds, director of competition, FCA

Cameron Roberts
clock 22 September 2026 • 7 min read
FCA Pure Protection Market Study: Key milestones

FCA Pure Protection Market Study: Key milestones

A timeline of key developments

Jaskeet Briah
clock 21 September 2026 • 5 min read