The Protection Review that was published in July has revealed that the market is holding up reasonably well, but there is still no sign of a real move to close the £2.3trn protection gap. How can we begin to close it over the coming year?
Market viewsDale Tranter, SesameFirstly, state coercion is something that would be an effective, if politically suicidal, strategy. It is the only way to ensure that millions of people save adequately for their retirement and the same is probably true for life cover, although the same problem of people at the bottom end of society who are unable to afford it would arise. And then the Government would have to decide on an appropriate level of life cover for someone depending on how many spouses (or ex-spouses) and dependent children they have. Alternatively, if all lenders were to adopt a ...
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