Protection chiefs called to stagnant IP pow wow

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The Income Protection Task Force (IPTF) is holding a heads of state meeting for CEOs of the major income protection providers.

It is hosting the conference in concern at the continued low profile of the product with both consumers and advisers and is seeking views on ways to increase sales of the product. The organization hopes to produce a Charter for IP and noted concerns about knock-on effects from the payment protection insurance (PPI) could tarnish the sector. Clive Waller, co-chairman of the IPTF, explained the body's current fears about the state of the market. "Sales of IP barely top 100,000, when we believe protection of income is the most important need that our industry can cover," he said. "...

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