Cirencester friendly has said IFAs should not be held solely responsible for ensuring the working population is properly protected, but warned the FSA is watching them.
The holloway income protection (IP) provider called on the industry and government to work together and increase awareness of the public's need to protect themselves. However it also noted that people must wake-up to their responsibilities and cannot rely on the state to support them. Paul Hudson, chief executive of Cirencester friendly, made the statement in response to the FSA's protection data which showed IP sales fell 7% in 2010-11. He revealed that in contrast, during 2010 Cirencester friendly saw a 5% increase in membership. Hudson urged advisers to prioritise clients' pr...
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