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Customers unaware of protection for ‘everyday risks’

Consumers may be missing out on protection because they don’t think individual policies will cover “everyday risks” like breaking a bone, new research suggests.

Nearly half of UK adults do not know whether protection will cover such events, a MetLife study of 1,000 people has found, and nearly 40 per cent think it will not pay out.

MetLife claims that around 600,000 broken bones are reported each year, and boys have a 30 per cent chance of breaking a bone before age 18, with standalone policies now developed to cover such risks.

Metlife head of individual protection Richard Horner says:”There is a clear need for policies which cover fractures. The risk of breaking bones is unfortunately a real one for many.

“Fractures can have a major impact on everyday life so it makes sense to have affordable cover which pays out and enables people to concentrate on getting better without having to worry about their finances.

“Advisers are the key to helping customers find products that meet their needs.”


Altus: FCA should not overlook platform switching progress

Regulator appears to be overlooking what has been achieved in the effort to ensure smooth switching Regulators have traditionally had a keen interest in ensuring competition – it was one of the founding objectives of the FCA when it was created in 2013. Effective competition relies, among other things, on the ability of consumers to […]


Investors weigh up next steps after Woodford suspension

Neil Woodford’s flagship Woodford Equity Income fund has suspended dealing in shares with immediate effect. The announcement yesterday afternoon comes after the fund has been under scrutiny by industry experts in recent months due to rapid outflows and underperformance. The announcement says it is “in the best interest of all investors in the fund” to […]


Will US firms change the face of Britain’s advice market?

With their wealth of resources, can American giants take advantage of Brexit uncertainty? As the split of the UK from the European Union continues to drag on, space has arguably been opened up for North American companies in Britain. But have they really left their mark on the UK financial advice and wealth management planning […]

Schroders sets date for financial planning clients’ move to new platform

Schroders has confirmed that all existing Lloyds financial advice clients will transition to the Fusion platform from next month onwards, as its planning joint venture with the bank has officially launched. Yesterday, 500 staff formally transferred to Schroders Personal Wealth. The new planning business will be available to current Lloyds advice customers from the summer, […]


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