Cost of living pressures fail to entice advisers toward protection work

Latest findings from Professional Adviser’s weekly PA Asks survey

Hope Coumbe
clock • 1 min read

The majority of advisers say the economic pressures of the last few years have not caused them to reconsider the importance of protection policies for clients, Professional Adviser has found.

Advisers responding to the most recent PA Asks survey were questioned about the importance of protection within an advice service and whether or not their views on its importance had changed. More than two-thirds (68%) of pundits said the cost of living crisis had not made them reconsider the importance of protection. This was significantly ahead of the 27% of advisers who had rethought about protection and ahead of 5% of respondents who were unsure. While one pundit said protection was "more important than ever" another admitted they would "happily ditch protection" adding: "It sh...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Protection

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

'Listening to younger people is as refreshing as it is challenging. But ignoring it isn't an option'

Kevin Carr
clock 24 July 2025 • 4 min read
Group life cover excluded from IHT liability

Group life cover excluded from IHT liability

HMRC decision on protection and inheritance tax

Cameron Roberts
clock 23 July 2025 • 2 min read
Paymentshield brings back unemployment cover

Paymentshield brings back unemployment cover

Migrates mortgage protection and IP book

Jaskeet Briah
clock 25 June 2025 • 2 min read