Providers hit back at PTA unpopularity claims

A recent survey by IFA portal Assureweb suggested more than half of the 500 intermediaries surveyed (57%) are not considering PTA as an option, with some unaware of the product’s tax saving benefits and others confused about the regulatory regime. Stephen Wynne-Jones, director of sales and marketing at Assureweb, says: “The fact that so many advisers are steering clear of PTA, despite its well-documented benefits, is a concern that needs to be taken seriously. The industry as a whole needs to do more to reinforce the important part this product has to play in the financial advice market....