IRESS's online comparison quote and transaction portal, The Exchange, recorded 187,933 new protection business applications in the first quarter of 2018 - a 20.5% increase on the 155,946 seen in the same period in 2017.
Measured by click-through rates from The Exchange to provider applications, the data indicates a record-breaking quarter with a monthly average of 62,644 new business protection applications compared to...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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