Rebecca Young: A wake-up call on income protection

To gain a better awareness of how informed ‘the man on the street' is, we recently carried out research into the general public's understanding of income protection and the size of their financial safety nets. Our findings were pretty concerning and raise a number of red flags of which advisers ought to be aware. The first alarm bell is around long-term income protection. Our survey, which was conducted by Censuswide, asked more than 2,000 people for how long they thought long-term income protection typically lasted. Only 1.6% of British adults were able to correctly identify that this f...