Income Protection potential through Welfare Reform Act

Less than a tenth (8%) of advisers think that their clients have taken out adequate Income Protection (IP), according to Friends Provident research. Although 68% of advisers are aware of the changes made through the Welfare Reform Act (WRA), their clients are not so savvy. Almost eight in ten (79%) advisers feel their clients are not even aware that the changes have taken place, while 66% report that most of their clients think it's unlikely they will be off work for six months or more due to illness or accidental injury. The WRA, which replaced Incapacity Benefit with the Employme...