Cirencester friendly has warned that the government's continued welfare reforms prove relying solely the State for support is a "fool's paradise" and urged the protection industry to push this point across.
It added that the successful overturn of the House of Lords' Welfare Reform Bill amendments should be a wakeup call to the public and that the industry should be doing more to illustrate its value in replacing State provision. The provider highlighted the proposed changes to Disability Living Allowance (DLA) and warned people would likely see a substantial fall in their income and stricter eligibility criteria if they were to claim benefits. John Bridge, director of sales and marketing at Cirencester friendly, said: "The vote in favour of pushing ahead with proposed changes to the DLA...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
