Protection Watch: Kevin Carr's verdicts on recent developments

‘Promising lead’ or ‘Back to the lab’?

clock • 3 min read

Professional Adviser's protection detective Kevin Carr delivers his verdict on five key developments in the protection space from the last month or so

Get the balance right Protection advisers are becoming increasingly concerned by Ombudsman rulings where level term assurance (LTA) has been recommended to cover a repayment mortgage. Some customers - perhaps aided by call centres looking for a scandal where there isn't one - are referring cases to the Financial Ombudsman Service on the basis they were mis-sold (or over-sold) because LTA is more expensive than decreasing cover. It is important, however, to get the balance right. I have, for example, taken LTA on my own repayment mortgage twice and, for many families, it is sound advice. M...

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