Advisers confident of protection growth


Protection is seen as a key growth area by IFAs with almost two thirds optimistic about increasing business in the sector this year.

According to a survey by Sesame Bankhall, personal and family protection is predicted as the main area of growth, while advisers are aware of the potential impact of gender neutral pricing. Overall the outlook for protection was positive as nearly a third (31%) of respondents expected to expand their business by 10% or more in 2012 and another 30% suggested it would increase by up to 10%. Half of the advisers (48%) envisaged personal and family protection as the market most likely to grow over the next 12 months, followed by mortgage protection (32%) and business protection (17%). ...

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