Paul Yates: Why wealth managers should think again about protection

Mind the ‘wealth protection gap’

clock • 3 min read

Protection should be considered as an essential part of a financial plan for the wealthy every bit as much as the financially vulnerable, argues Paul Yates

There are lots of reasons to talk to clients about protection -  but, unfortunately, an equally long list of perceived reasons why many advisers just do not bother. There is no need to repeat either list here because, if you have read this far, you probably already know the reasons all too well. Instead, it may be helpful simply to point out what might happen to a complex investment portfolio should the owner of those investments die prematurely or fall ill. How many of those investments are liquid? How many are wrapped up in property, trusts, schemes, private company shares - whatever b...

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

Pure protection in focus: FCA market study raises regulatory expectations for 2026

Pure protection in focus: FCA market study raises regulatory expectations for 2026

Commission models and fair value under scrutiny

Joe Norburn
clock 20 February 2026 • 6 min read
Scottish Widows adds beneficiary nomination

Scottish Widows adds beneficiary nomination

For life policies

Cameron Roberts
clock 18 February 2026 • 1 min read
Chesnara to close HSBC Life UK to new protection business

Chesnara to close HSBC Life UK to new protection business

Follows £260m acquisition

Jaskeet Briah
clock 04 February 2026 • 3 min read