This week's Retirement Planner quick fire poll asks: Do you believe the ABI's proposed code of conduct will improve the number of people using the open market option for their retirement income?
Click HERE to vote Last week we asked why long term care has such low take up rates. While high premiums (30%) and product complexity (15%) play their part, the overwhelming reason why take up rates are so low is because the public believe they don't need it (48%). Only 7% thought take up rates were low due to a lack of providers in the market.
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