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MM leader: Light up protection

Money Marketing welcomes the Income Protection Task Force’s roadshows aimed at promoting the benefits of IP to IFAs and mortgage brokers.

As a nation, we are horrendously under-protected and advisers are the best chance consumers will have to get decent cover.

IP is often considered a hard sell due to its perceived complexity and cost compared with other products, a view backed up by low sales figures.

State support for long-term sickness is meagre and only likely to get lower.

People need to be persuaded of the need to look after themselves and their families. The chance to protect your income against disability and serious illness should be better promoted as part of a suite of protection options offered to clients. Hopefully, the roadshows will shine a light on this important area of financial planning.



‘Regulatory regime is like Little Britain’

The Financial Services and Markets Act has been a “complete failure”, according to Treasury select committee member Mark Garnier. Speaking at a Lansons fringe event at the Conservative conference in Birmingham this week, Wyre Forest MP Garnier said the FSA has failed to create constructive relationships with firms. He said: “There is no doubt the […]

Hargreaves cuts Jupiter’s Tony Nutt from Wealth 150

Hargreaves Lansdown has cut Tony Nutt’s £2.45bn Jupiter income and £559m Jupiter high income funds from its list of recommended funds despite signs of a performance turnaround. The firm says Nutt’s stock seletion has been “inconsistent” since the financial crisis struck in 2008 and has cut it from the Wealth 150 list. The move is […]


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