IFAs fear for unprotected clients

A survey of IFAs found the overwhelming majority believed their clients felt happier and more secure when they had protection in place. Scottish Provident interviewed 574 intermediaries for its Financial Safety Net report and more than half (52%) expected their clients without protection would have to rely on state benefits. Half (50%) also said people would turn to credit cards or loans to fund living expenses, while 48% thought friends and family would be relied on. Two thirds (66%) predicted clients would use emergency savings and 47% anticipated people cutting their spending on...