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Don’t exclude financial service workers from unemployment cover, warns Burgess

An independent payment protection insurance provider has criticised insurers for excluding financial service employees from unemployment cover.

Burgesses managing director Sara-Ann Burgess says it’s “criminal” that providers are rejecting applications from financial service workers at a time when they need cover the most.

She says: “If you exclude people from ‘at risk’ sectors, you’re rejecting the whole of the UK. You only have to look at the job loss announcements within the last week to realise that every sector is at risk.”

Media reports this week predict that 650,000 people working in the sector will be made redundant over the next two years.

Burgess says: “This illustrates just how far reaching the recession is – no matter what sector you’re in. It’s wrong to warn off consumers and withdraw cover just because you don’t want to pay out.”


Spread the word

M&G launched the first corporate bond Pep in 1994. It proved hugely popular, in no small part due to its vociferous manager, Theo Zemek.

Tax year-end planning with the family

From the Technical team at Prudential Let’s face it, many aspects of financial planning involve a lot of technical detail. At our face-to-face events, we’ve had great success bringing these technical topics to life through the use of practical case studies. Meet the family Prudential’s Planning Matters hub brings together a fictional family and explores […]


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