Defaqto produces guide for growing short-term IP market

The research company has vocally backed the IP market following the fall in public confidence because of the PPI scandal and suggested IP is in a prime position to fill the resulting gap in cover. As COVER revealed in May, Defaqto identified the number of STIP providers has doubled in the last two years, prompting it to produce a guide to the market. It began rating the market in February. ‘Given the current economic environment, people should be conscious of the need to protect themselves against loss of income,' it said. ‘As a result, the potential exists for advisers to activ...